- Apple daily and weekly chart shows two support lines for bulls. For now bulls are lacking momentum. Bigger worry for apple bulls only below the weekly up trend line and the 123.1 level shown in monthly chart. Month chart shows a 3 month range. This range must break and weekly and Monthly closing basis for bigger directional moves to happen.
- Crude oil month trying to form a bottom. Week is in a range. Bulls need price to do an upper breakout from the range to confirm the bottom formation. Week continues to stay above the weekly cloud which is acting as crucial support level. range breakdown and close below the cloud may help bears to come back.
- Bank nifty moving up from the weekly cloud. Bulls need to close the day above 100 SMA and the resistance line to extend this up move.18700 and 18900 levels are possible resistance zones.
- Bidu testing the falling resistance line. Price is also closing in on 200 Day SMA.
- Stock will stay bearish below 200 Levels. Hope for bulls only if price sustains above 200 Day SMA.
- Nifty shows first signs of weakness at 200 Day SMA. Bears need a close below 8334 which is the 2 day low to extend weakness. Bulls will continue the up move above 8421 towards the 8500 resistance zone shown in last chart.
- Daily chart shows price moving above the resistance line. Bulls need a close above this line. But the last One hour time frame shows weakness at top. Price need to sustain above 200 Hour SMA For bigger up moves to happen. For now bulls seems to loose momentum. Sustaining above the hourly cloud will keep the bulls interested.
- Crude oil daily chart shows a possible ascending triangle pattern. Price is moving in a range. If the rising trend line is held an upper breakout is possible. If the trend line is broken price will remain inside the range. Weakness only if the cloud and 23.6% fib level gets broken.
