October 25, 2013

ES Chart update

  • ES one hour chart shows price moving in a range and continues to take support at 100 Hour SMA. Break below 100 Hour SMA may test the range bottom. Crucial support is the 50 Period SMA shown in four hour time frame. Sustaining above this line may lead to more up moves.  
  • APPLE Chart update
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APPLE Chart update


  • Apple weekly chart likely to do a bullish close for this week above 100 Week SMA. Next weekly resistance level is at 545 which is the 50% Fib level and the Weekly cloud Top which is is also near 545.  So closing above this level will be bullish for a bigger target. Weakness at these levels may result in a fall back to 500 levels.
  • FORD Resistance levels
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GOLD Resistance levels


  • Gold may extend this up move on closing above the cloud and 50 Day SMA. But the alignment of moving averages continue to be bearish. Golden ratio and 200 SMA may act as resistance for gold in the short term.

October 24, 2013

MICROSOFT Support levels

  • Microsoft 4 hour chart shows price trying to stay above 50 period SMA and up trend line. closing above these levels will favor bulls of MSFT. Crucial support at 4 Hour cloud.

ES Support levels

  • ES One hour charts shows immediate support levels.
  • 4 Hour chart shows crucial support levels of 23.6% Fib level and 50 Period SMA near 1726 levels.
  • FORD Resistance levels
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FORD Resistance levels

  • Ford Weekly and Month chart shows price nearing Multi-Year resistance levels.
  • Resistance zone is between 18.23 - 18.97 level. Ford Bulls Need a weekly and a Monthly close above 19 levels to confirm a Bigger bullish breakout.
  • CRUDE OIL Multiple time frames
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BANK Nifty chart analysis


  • Price testing resistance line, 50% fib level and price also nearing the Weekly cloud. Daily close above the resistance line and 50% Fib level may extend this up move.
  • CRUDE OIL Multiple time frames
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