GOLD Trend update

• Gold 4 hour chart shows price breaking support levels.
• Price continues to move down in a channel.
• Daily and weekly close below 1250 - 1262 zone may extend the fall in Gold.

INTEL Weekly Triangle and Resistance levels

• INTEL Weekly chart shows a triangle breakout. Today's close outside the pattern will confirm the breakout.
• Immediate resistance levels are the Golden ratio at 25.43 and swing high at 25.98. On a bullish close for the week these two levels are likely to be tested soon.
• BANK Of America Chart update

-->

TATA Consultancy Services chart analysis

• TCS Has closed below 50 Day SMA. Price is also trading below 23.6% fib level. So if the stock sustains below 50 SMA it could fall towards 38.2% Fib level at 1923.
• Weekly bearish cross also makes the stock weak and may give bigger falls in the short term.
• This bearish view will be negated if price starts to trade above 50 Day SMA.

-->

ES Chart update

• ES 4 hour chart shows price trying to take support at the rising support line from 1640 levels.
• Last chart shows price taking support at 38.2% Fib level. Bulls need price to get back and sustain above 23.6% Fib level to resume the up move.
• DOW Jones Chart analysis

-->

Dow Jones Analysis after closing bell

 

• Dow Jones daily chart with MACD shows the Histogram and price in Negative Divergence, But the MACD lines are yet to give a bearish cross.
• A sell signal is possible on price breaking the rising support line and 15865 levels. Crucial support levels are 15709 (previous resistance) and a rising 20 day sma.

FORD chart analysis

• Ford one hour chart shows an inverted head and shoulders pattern.
• Price need to stay above 200 Hour SMA for the pattern to work well for bulls of Ford.
• Bearish if price falls back below the hourly cloud again.
• BANK OF AMERICA CHART UPDATE

-->

ES Chart update

• ES one hour testing crucial support line. Price must stay above this line to avoid a bigger fall.
• One hour chart shows resistance at 50 and 100 Hour SMA. Price must get back above 100 Hour SMA and the hourly cloud to avoid bigger correction.
• BANK OF AMERICA CHART UPDATE

-->