My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
September 18, 2013
GOLD Hour trend update
- Gold one hour chart continues to break lower.
- Trend line and cloud is acting as stiff resistance in hourly time frame.
- SILVER CRUCIAL SUPPORT ZONE
Selling Zone of CRUDE Oil
- Monthly chart of crude oil shows price weakness just above the Golden ratio. Last two falls from this area has given sub 80 levels for Crude oil bears.
- Weekly chart too shows price getting resisted at the same area. Trigger for a bigger correction may happen once price starts to trade below 102 levels on closing basis.
- SILVER CRUCIAL SUPPORT ZONE
APPLE Chart analysis
- Apple up move getting resisted at 200 Day SMA. Second chart shows price has fallen back into the range from where a breakout happened. If price is unable to get back above 38.2% Fib level and the GAP Apple may extend correction.
- S&P 500 ANALYSIS AFTER CLOSING BELL
BANK Nifty Chart analysis
- Daily chart shows price trying to stay above 50 Day SMA.
- Price getting resisted at Golden ratio and Ichimoku Cloud. Weakness on price closing below 50 Day SMA.
- S&P 500 eod Update
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