May 3, 2013
GOLD Chart update
- Gold four hour chart continues to show weakness at Golden ratio.
- Weakness followed by a bearish Inverted hammer candlestick in 4 Hour time frame.
- Price is getting support at the four hour cloud. Gold bears need to fall into the cloud for a bigger down move to happen.
CRUDE Oil chart update
- Crude oil daily chart shows price resistance at 94.70 - 94.90 level. Price closing above this level may target 97 levels as shown in the last chart.
- Up move is pausing at 78.6% Fib level. This level must be taken out on closing basis for a bigger up move to follow.
- Last chart shows weekly resistance line, Resistance for the current week is around 97 levels.
SBI Intraday update
- SBI bulls will be weak on trading below 2225 and 2206
- Strength on trading above the broken fib level of 23.6% Fib level.
- up move will resume on price sustaining above the dotted resistance line.
SBI Analysis Before RBI policy
- Closing the week above the golden ratio and previous week high of 2360 will be bullish for the stock.
- Price closing below 20 Week SMA (2277) will be bearish for the stock in the short term.
EURUSD Chart update
- Daily chart is giving a correction followed by the bearish Inverted hammer pattern.
- Price is also getting resisted at 50% Fib level and 100 Day SMA.
- Close below 50 Day SMA may extend the fall of Crude oil
- APPLE DRAGONFLY DOJI
May 2, 2013
APPLE Dragonfly Doji
MONTHLY CHART
- APPLE Monthly chart shows a Bullish Dragon Fly Doji. Monthly chart shows the Bearish PIN BAR at the top which was followed by a correction. If the Dragon Fly works well stock could do a decent bounce.
- Apple bulls does not want price to move below 50 Day SMA which will be followed by another correction towards the lows. Daily cloud has acted as stiff resistance so far, Price closing into the cloud will signal further strength for bulls.
- IWM CHART UPDATE
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