- Gold one hour chart shows price trading in a range.
- 4 Hour chart shows the range within a larger channel
- One hour chart is near 200 Hour SMA, Price closing below this level may take price towards channel support line. A bigger breakdown on price breaking below the channel. Taking support here means price moving towards channel top again.
- TESLA MOTORS TREND UPDATE
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- Apple daily near 50 Day SMA and Testing golden ratio.
- Weekly chart is testing 20 Week SMA.
- Apple bulls need a close above 20 Week SMA to extend the current up move.
- TESLA MOTORS TREND UPDATE
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- Daily chart of Tesla Motors shows a rising support line and 50 Day SMA.
- Weekly chart shows price attempting to form a bearish engulfing pattern.
- Weekly chart also shows a previous range between 94 - 104 which may stop a bigger fall from happening
- S&P 500 ANALYSIS AFTER CLOSING BELL
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- If the correction in daily chart continues price may target 16.09 which was the previous resistance level and 20 Day SMA.
- Closing the week at the current levels or lower will form a Bearish Engulfing pattern in weekly chart which is a strong reversal signal.
- S&P 500 ANALYSIS AFTER CLOSING BELL
- Crude oil hourly chart testing crucial support levels. 100 Hour SMA and rising support line.
- For a bigger fall price must break below the 23.6% Fib level shown in last chart.
- S&P 500 ANALYSIS AFTER CLOSING BELL
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- Crucial support for nifty today at 50 Day SMA and 23.6% Fib level.
- The area between Golden ratio and 78.6% Fib level will act as resistance for bulls. Many reversals have happened from this area in the past.
- Weakness on day closing below 50 Day SMA. Strength above 5980.
- Bearish candle after 8 days of bullish candles.
- Line chart shows price turning down But the crucial support band of 1670 - 1672 is yet to break. Weakness only on price breaking below this level as shown in 15 Minutes chart.
- If price takes support at this level an up move towards the resistance line shown in second chart may happen.
- COCA COLA CHART ANALYSIS
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- COCA COLA Daily chart shows price contraction in a triangle like pattern which should lead to a bigger breakout or breakdown in the coming days.
- Price is getting support near 200 Day SMA and is getting resisted near 50 Day SMA. So any of these levels must go for a bigger move to happen.