November 30, 2013

APPLE Weekend update

  • Apple month chart shows price closing above 20 Month SMA. Weekly chart shows price closing above the cloud and 50% Retrace level. If a correction happens in daily chart next week the above mentioned levels may now act as support.
  • Next resistance level or target area is the Golden ratio seen in weekly chart at 583 level. Daily chart shows a possible resistance line which may result in a pullback before price move up again.
  • SILVER Trend update

November 29, 2013

SILVER Trend update

  • Silver 4 hour chart shows strong resistance at the cloud. Trend will favor bears as long as price stays below the cloud of this time frame.
  • Price is trying to stay above 50 Period SMA. Price has to close and sustain above 20.31 levels for a possible up move to follow.
  • GOLD Trend update

November 28, 2013

FACEBOOK Chart update

  • Facebook daily chart shows price taking support near 100 day SMA. No bullish turnaround yet. A pause in falling on price trading above the falling resistance line, Strength only on trading back above 50 Day SMA.
  • Weekly chart is also trying to do a bullish reversal candle at 20 Week SMA. Candle closing at the current levels or higher would confirm a bullish weekly candle.
  • APPLE Chart analysis

ES Chart update

  • ES having taken support at previous resistance level is testing the recent high.
  • 100 Hour SMA and hourly cloud are crucial support for now. Bears need to close below these two levels for a possible fall to happen.
  • APPLE Chart analysis

APPLE Analysis after closing bell

  • APPLE Daily chart shows price closing above the recent swing high. Weekly chart shows price moving away from 100 Week SMA. Apple bulls need a weekly close above 545 which is the 50% Retrace level, this will also lead to a Monthly close above 20 Month SMA which will favor bulls of Apple in December.

ES Chart update

  • ES one hour chart shows price near 100 Hour SMA. For bears of ES need a close below this line and 23.6% Fib level for a possible correction to happen. 
  • Sustaining above this level may lead to newer high's.
  • GOLD Chart update

November 27, 2013

GOLD Chart update

  • Gold getting resist at the falling resistance line and near 50 period SMA.
  • 4 Hour cloud too looks strong resistance zone.
  • Price likely to test the recent low at 1227 again.

EURUSD chart update

  • Last chart is the crucial one, It shows the daily time frame with price breakouts above 50 Day SMA. Price after moving around 50 SMA has given good up moves. Daily chart also shows a series of higher lows which is likely to continue.

EBAY Chart analysis

  • First two chart shows possible breakdown in weekly time frame. If its confirmed with a weekly close then the target is about 8 points on the downside from the breakdown area.

ES Support levels

  • ES one hour chart with immediate support levels.

November 26, 2013

APPLE Hour trending upwards

  • Apple one hour chart shows price breaking golden ratio. Next target is 78.6% Fib level and the range top at 539
  • Daily chart also breaks the falling resistance line. Bullish daily close may lead to a breakout above 539 levels.

FACEBOOK Chart update

  • Facebook daily chart shows price violating crucial support zone. Price has also closed below the daily cloud.
  • Facebook bears need to close below 100 Day SMA and 20 Week SMA on closing basis to extend gains further. 
  • APPLE Chart update

BANK Nifty chart analysis

  • Bank nifty daily chart moving up from 50 DaY sma.
  • Immediate resistance at 11207. Sustaining above it could give the golden ratio and 50 week SMA again as shown in chart 3.
  • CRUDE Oil chart analysis

November 25, 2013

APPLE Chart update

  • Apple daily chart trading in a range. Second chart shows the range is a consolidation after an up move which is likely to result in an upper breakout. But monthly chart shows the consolidation happening at 20 Month SMA. So apple bulls need a monthly close above 20 Month SMA for extending this up move.
  • GROUPON Support levels
  • CRUDE Oil chart analysis

GROUPON Support levels

  • All three charts shows Groupon near crucial support levels. Immediate support at 8.98 level, If this level is taken out price is likely to take support at the weekly rising support line or 200 Day SMA.
  • CRUDE Oil chart analysis
  • FACEBOOK Weekend update
  • EURUSD Weekend update

CRUDE Oil Chart analysis

  • Crude oil weekly chart shows price near weekly rising support line and 200 Week SMA. If these levels hold on closing basis an up move is possible. Down move will gain momentum if these two levels does not hold.
  • For an up move need a weekly close above 100 week SMA as shown in the last chart.