October 22, 2013

CRUDE Oil violates support levels

 
 
  • Price violating 200 Day SMA and 50% retrace level. Closing below these levels may target the golden ratio. Previous resistance zone of 96.80 - 97.30 may act as support for a bounce.
  • FACEBOOK BEARISH ENGULFING PATTERN
-->

GOLD testing resistance levels


  • Gold must breakout above the daily cloud to sustain this up move.
  • FACEBOOK BEARISH ENGULFING PATTERN
-->


FACEBOOK Bearish Engulfing pattern


  • Facebook daily chart shows a bearish engulfing pattern. Weakness on price trading below 53.51 levels.
  • Daily MACD and price shows negative divergence But price yet to confirm any weakness yet.
  • TESLA TREND UPDATE
-->


AXIS Bank inverted head and shoulders pattern


  • Axis bank daily chart shows a potential head and shoulders pattern. Price yet to clear the resistance line or the neck line properly, Need price and volume advance to confirm breakout.
  • Price need to sustain or close above 100 Week SMA to target the golden ratio level shown in last chart.



TESLA Trend update


  • Tesla 50 Day SMA and up trend lines are getting tested. Breaking them on daily closing basis may lead to an extended fall.
  • EURUSD CHART ANALYSIS
-->