August 2, 2013

EURUSD Support and Resistance levels

 
  • Crucial support for EURUSD at the 23.6% Support level of 4 Hour chart.
  • Broken support line and the levels shown in last chart may act as resistance.



ES Support levels


  • If the correction extends the broken resistance lines of the ascending triangle and 23.6% Fib level may act as support. Weakness only if price starts to trade below these levels.


ITC Trend update

  • ITC is falling towards its up trend line and 100 Day sma.
  • Weekly chart is showing a potential bearish setup. Bigger correction on price closing below 20 Week SMA.
-->

August 1, 2013

CRUDE Oil Resistance levels

 
  • First chart is the 4 Hour time frame with channel breakout and Immediate resistance levels.
  • 2nd chart is the weekly triangle. If the levels in 4 Hour chart is taken out then the weekly resistance levels are possible for bulls of crude oil.
  • Weakness at resistance levels of 4 Hour chart may resume the fall again.
  • GOLD Support Levels
-->

GOLD Chart update

  • Gold four hour chart near crucial support levels.
  • Rising support line and 100 period SMA should be held for an up move to happen. Gold bears need to close below these levels.




ES Chart update

  • ES Four hour in a big ascending triangle pattern
  • 4 Hour cloud is giving support for price. Price yet to close below the cloud. Sustaining above the cloud may lead to a breakout.
  • Weakness only on price closing below 4 Hour cloud.



CRUDE Oil Chart analysis

 
  • Crude oil 4 Hour chart shows price getting support at crucial fib levels.
  • One hour chart shows a channel breakout in favor of bulls.
  • Weekly chart shows price taking support at Triangle patterns resistance line. Weakness only if price falls into the pattern.