My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
March 12, 2012
ES Hour in a triangle pattern
- ES Hour in a Triangle pattern.
- For bulls of ES price has to sustain above 50 and 200 Hour SMA. 50 SMA crossing 200 SMA may help bulls.
- Correction will be limited if price sustains above the hourly cloud.
- FORD MOTOR GOLDEN CROSS
- SILVER WEEKEND UPDATE
GOLD Support and Resistance levels
- For bulls of gold price need to trade above 50 Day SMA.
- For bears sustaining below 50 SMA and breaking the key support level of 1663 will result in good correction.
- Fibonacci levels shown in last chart may act as support.
- SILVER WEEKEND UPDATE
RELIANCE Industries Chart Analysis
- Reliance daily looks like it may give an oversold bounce. But price has to sustain above 50 Day SMA for the bounce to extend.
- Weekly chart looks weak, Weekly stochastic does not look good for bulls of this stock. For avoiding a fall price must sustain above Weekly mid bollinger band. Unable to sustain above this level will result in a fall towards lower BB.
- NIFTY WEEKEND UPDATE(GOLDEN CROSS)
Ford Motor - Golden Cross
- Ford Motor Co is showing a bullish cross over and Possible bullish flag pattern.
- Weekly chart shows price getting resisted at 38.2% Fib level. Week candle closing above this level will continue the up move.
- SILVER WEEKEND UPDATE
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