GOLD Chart update

• Gold four hour falling down in a channel. Unable to break above the resistance line will resume the fall.

SINA Chart analysis

• Daily chart shows price rising from 100 Day SMA. Price has closed above 50 Day sma.
• Up move should continue if price sustains above 50 SMA. Closing above 87 will strengthen bulls further for 93 plus levels. 86-87 area has acted as resistance in the past.

SBI Intraday update

• SBI Four hour chart shows resistance at 1750 levels 38.2% Fib level and 50 period SMA. Closing above this level may take stock towards 1800 levels.
• Crucial support at 50 Day SMA. Retest of this level may lead to another correction.

Bank of America chart update

• BAC Testing the resistance line in daily chart. Momentum in price may give a breakout above this line. 
• Last chart shows the trend of the stock and the next logical target is at 15.31 levels.

SILVER Descending triangle

• Silver testing crucial support level. price sustaining below golden ratio will extend the fall towards 78.6% fib level.

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CRUDE Oil near weekly support levels

 

• Crude oil weekly chart shows price nearing the rising support line and the Weekly cloud. If these levels are held a bigger bounce can happen in crude oil.
• IWM Channel and Negative Divergence

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IWM Bullish channel and Negative Divergence

• IWM Bullish channel shows price consolidation for the next upper breakout. This stair step up move is likely to continue.
• Weekly MACD Histogram and price shows good divergence, But this is of no use until price shows up some weakness. 
• Immediate weakness below 107.14, Bigger time frame can confirm weakness only on closing below 20 week SMA.
• CISCO Chart Analysis

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