September 21, 2012

Range of SPY

  • Two SPY 15 Minutes chart shows Ranges of SPY.
  • Last chart is the one hour time frame which shows price testing 50 Hour SMA. Price falling below 50 Hour SMA may lead to 145.63 levels.
  • Up move possible on price staying above the falling resistance line shown in one hour chart.

GOLD Range breakout

  • Gold Range breakout is not sustaining above 1779.
  • Gold bulls need hourly candles to close above this level for the up move to continue.
  • Price sustaining above 50 period SMA and Four hour cloud will continue to support bulls for upper breakouts.

CRUDE Oil resistance levels

  • Crude oil back to the broken support level of 93.95 - 94.10 zone.
  • Price is also near the broken 50 Day SMA.
  • Above mentioned levels may act as resistance. A stronger pull back is also possible if price starts to trade above 50 Day SMA.

NIFTY Chart analysis

  • Price showing weakness near golden ratio.
  • Weekly line chart too shows price near crucial support resistance level. 
  • Week high EMA at 5511 is a crucial level. Closing the week above this level will keep the bullish options intact.
  • Last chart shows another monthly candle loosing gains. Unable to close the month above 5 Month High EMA will be negative for bulls.

ES Chart update

  • ES 4 Hour chart found support near the cloud and 50 period SMA. 
  • price is now near resistance levels. The recent trend of breaking resistance levels may continue but bears must hope that the recent high act as resistance.

EURUSD Chart analysis

  • EURUSD Weekly chart shows price getting resisted at 38.2% Fibonacci level.
  • Price sustaining above 200 Day SMA will favor bulls of EURUSD. 
  • Getting support at 4 Hour cloud may give an up move.