December 24, 2013

CATERPILLAR Breaking resistance levels



  • Cat daily chart shows price breaking resistance levels. Next resistance at 90.69. 
  • Weekly chart shows price violating the Weekly ichimoku cloud and 50% Fib level. Bulls need a weekly close above these levels to extend the current up move.
  • BLACKBERRY Falling wedge pattern
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Dow Jones analysis after closing bell

  • If Price gives a bearish candle at the resistance line then combining with the negative divergence Dow Jones may give a small pullback for bears.
  • BLACKBERRY Falling wedge pattern
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December 23, 2013

CRUDE Oil Support and Resistance levels update

 
 
  • Price unable to move above 38.2% fib level and 100 Day SMA. 4 Hour chart shows price above crucial support line.
  • Price has to break any one of these levels on closing basis for a bigger move to happen.
  • BLACKBERRY Falling wedge pattern
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ES Descending broadening formation

4 HOUR CHART
ONE HOUR CHART
 
  • ES 4 hour chart shows a Descending broadening formation. Price has given a bullish breakout around 1810 level. Pattern rules suggest a 40 -50 point move from the breakout level which should take price above 1850 levels.
  • One hour chart shows levels like 50 Hour SMA and hourly cloud which should be held for the above mentioned pattern to work well. 
  • One correction towards the breakout level cannot be ruled out. If price holds above the previous resistance zone then the up move will continue again.
  • BLACKBERRY Falling wedge pattern
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December 22, 2013

BLACKBERRY Weekend update

 
  • Blackberry daily looks like a falling wedge breakout.
  • 7.51 and 8.57 are immediate resistance levels or targets for this breakout.
  • A bigger up move or trend change in shorter time frame can happen only if price is able to sustain above 100 Day SMA.
  • GOLD DEATH CROSS Of Weekly Chart
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December 21, 2013

APPLE Support levels

 
  • Apple four hour chart shows with multiple support levels. Price nearing a make or break zone. Bulls need to close above the falling resistance line shown in second chart for a possible up move to happen. Closing below the 4 hour cloud will favor bears for a bigger fall towards 515 levels.
  • GOLD DEATH CROSS Of Weekly Chart
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December 20, 2013

SILVER Death cross update


  • First chart shows weekly time frame with price breaking support levels. Price is nearing the next support level at 18.14 levels.
  • Second chart shows the Death cross in weekly chart. If the low at 18 Breaks on closing basis this Death cross can extend its gains. 
  • Monthly chart shows the next fib support level of 78.6% near 17.30 levels. If this level holds a bounce is likely to happen.
  • GOLD DEATH CROSS Of Weekly Chart
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