My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
April 27, 2012
ES Chart Analysis
FOUR HOUR CHARTS
ONE HOUR CHARTS
- ES Four hour charts moving away from resistance levels.
- Price if trades above 78.6% Fib levels Bulls may test the recent high's again.
- One hour charts shows price trending above 50 Hour SMA.
- S&P 500 DOUBLE BOTTOM
SILVER Support and Resistance levels
- Crude oil four hour chart shows falling resistance line, 50 Period SMA and Ichimoku cloud as resistance levels.
- Recent low of 29.93 will act as a short term support level. Silver will face selling pressure at higher levels so support levels are likely to be tested.
- S&P 500 ANALYSIS AFTER CLOSING BELL
CRUDE OIL Resistance levels
- Crude oil near channel top and 50 day Simple Moving Average.
- Crude oil Bulls need a daily close above these levels for the up move to continue.
- Getting resisted here will result in a fall towards the dotted support line. Falling below the dotted line may take crude oil towards 100 levels.
- S&P 500 ANALYSIS AFTER CLOSING BELL
BANK Nifty Weekly chart analysis
- Bank Nifty has strong support between 9900 - 1000 level as shown in last chart.
- BN bears need a close below 50 Week SMA and the above mentioned support levels for the weakening indicators like MACD and Stochastic to be effective.
- S&P 500 EOD UPDATE
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