- Gold 4 hour chart shows a Bull Flag pattern.
- Price need to trade above the 4 Hour cloud for the above pattern to perform well.
- Weakness on trading below 1350 and the 200 period SMA.
- SLV WEEKEND UPDATE
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
September 8, 2013
Gold Bull Flag and support zone
September 7, 2013
SLV Weekend update
- SLV Weekly chart shows price weakness near the GAP.
- Presence of falling resistance line and 38.2% Will make it tougher for SLV Bulls to move up.
- Strength on price moving into the GAP area on daily closing basis. Further Weakness below 22.18 and 22.02 levels.
- S&P 500 ANALYSIS AFTER CLOSING BELL
S&P 500 Analysis after closing bell
- SPX Daily MACD has given a bullish cross. Recent signals of MACD in daily time frame has worked well.
- Today's up move was stopped by 50 Day SMA. For bulls need a close above this level for a bigger up move to happen.
- Weekly chart looks good for bulls as price managed to hold above the rising support line. Strength for the coming week above 1664-1669 levels. Bearish on falling below 1628 levels.
September 6, 2013
CRUDE Oil resistance levels
- Crude oil 4 hour chart shows price trading above the crucial resistance zone near 108. Next resistance level is at 112.21 levels.
- Fibonacci levels shows price near 78.6% Fib level. If this level fails to stop crude oil bulls then 112 levels are possible.
- Weekly candle is trying to make a bullish close above 110.54.
Bank Nifty Chart analysis
- Bank Nifty closed above 20 Day SMA and 5 Day High EMA after a long while.
- Daily chart is testing 38.2% Fib level. Sustaining above 38.2% Fib level price is likely to target the 5 Week High EMA and the Upper Bollinger band.
- S&P 500 EOD Update
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