September 12, 2013

ES Chart update

 
  • ES Fib levels shows weakness at 78.6% Fib level.
  • Daily chart is approaching crucial resistance zone.
  • Weakness in hour chart only on closing below the Hourly cloud.
  • SILVER Chart update
  • GOLD Bearish price action
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GOLD Bearish price action


  • Gold violates crucial rising support line in daily chart. 50 and 100 SMA too has been violated. Gold bears need a daily close below these moving averages to fall further. Closing below 38.2% Fib level will further weaken the bulls of Gold.
  • SILVER Chart update
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SILVER breaking support levels

  • 4 Hour chart of silver has violated crucial support levels. Price is trending down below the Ichimoku cloud.
  • Hope for silver bulls is in the 50 Day SMA. A daily close below 50 SMA will further strengthen silver bears.
  • APPLE Support levels
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Bank Nifty testing resistance levels


  • Daily chart violating falling resistance line.
  • Price also trying to stay above 50 Day SMA and 38.2% Fib level.
  • Last chart shows price nearing the daily Ichimoku cloud which may act as a resistance zone for bulls of BN.

September 11, 2013

APPLE Testing support levels

  • Apple testing crucial support levels
  • FORD Trend update
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FORD Motor Trend update


WEEKLY TIME FRAME

  • Ford four hour chart shows price testing the recent swing high of 17.66. Bears are hoping for a double top here But the trend in Higher time frames are clearly favoring bulls.
  • A Weekly close above 17.66 may target 18.97 levels in the short term.
  • APPLE Chart update
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NIFTY Chart update

  • Price managed to close above crucial moving averages.
  • First chart shows a potential resistance line.
  • Weekly chart shows price moving above 20 Week SMA. A weekly close above 20 Week SMA will extend bullishness.