October 2, 2013

SILVER Chart analysis

  • Silver one hour chart shows price having broken below the range is getting resisted at the bottom of the range. For silver bulls price must get back into the range for a possible up move to happen.
  • daily chart shows price moving around 100 Day SMA. Price should move away from 100 SMA on closing basis for a bigger move to happen. Weakness on closing the day below 20.54 and Strength above 22.06 levels.
  • GOLD Breakdown and Support levels
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APPLE Chart analysis

 
  • Apple Daily chart moving up from 50 Day SMA.
  • Daily chart shows a Golden cross. Price must sustain above 50 and 200 Day SMA for the bullish cross to perform well. 
  • Daily cloud is acting as good support. Immediate resistance at 496.91. Price sustaining above the cloud may lead to a breakout above the resistance levels. Weakness on price closing below 50 Day SMA. 
  • GOLD Breakdown and Support levels
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October 1, 2013

ES Support and Resistance levels


 
  • ES 4 Hour chart shows price up move from 200 period SMA Which is a crucial support level. For bears this one has to break on closing basis for a bigger down move to happen.
  • Price right now is at a potential resistance zone with 38.2% Fib level and 100 period SMA.
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GOLD Breakdown and Support levels

 
 
  • Gold four hour chart shows price resolving in favor of bears from the contracting pattern.
  • Daily chart shows price nearing Golden ratio and support levels. Gold bears must close below golden ratio for extending gains.

USDINR Chart analysis

 
  • USDINR is trying to stay above the up trend line from 53 levels. Sustaining above it should give another up move for the pair.
  • Weakness for the pair only on closing below 100 Day SMA. Closing above 50 Day SMA should resume the up move. One hour chart shows immediate resistance levels for the pair.

ES Chart update

  • ES one hour approaching multiple resistance levels.

September 30, 2013

Bank of America Chart update

 
  • Bank of America Weekly chart shows price testing the rising support line from 6.88 levels.
  • Daily chart is below 100 Day SMA, Strength for the stock on closing back above 100 DaY SMA and 13.96 level shown in chart 2 and 3.