ES Chart update

• ES testing daily ichimoku cloud. Unable to hold above this level may lead to more falls. This zone may also lead to an oversold bounce before fall resumes again.

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GOLD Bullish price action and resistance levels

• Gold violates the falling resistance line from 1430 levels.
• For gold bulls price need to close above 100 Day SMA to extend gains towards the 200 Day SMA. 200 SMA is near 1300 levels.
• ES Chart update

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ES Chart update

 

• ES Violates the crucial 200 Period SMA. 
• Bulls trying hard to defend the Range bottom and 38.2% Fib level. Price closing below these levels will extend gains for ES Bears.
• DOW JONES ANALYSIS AFTER CLOSING BELL

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DOW Jones Analysis after closing bell

• Dow Jones daily chart shows price testing 50 Day SMA.
• Second chart shows the previous resistance zone trying to act as support.
• The rising suport line from 14850 levels has been violated. Breaking the horizontal support zone on closing basis will extend gains for bears.
• ES Chart analysis

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ES Chart Analysis

• ES 4 Hour chart shows price near range support zone.
• Price also testing 200 period SMA in Four hour time frame.
• Last chart shows bearish price action from the contraction pattern. This breakdown will extend gains only on breaking below the above mentioned support levels.
• EURUSD FALLING WEDGE BREAKOUT

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EURUSD Falling wedge breakout and Resistance levels

• EURUSD 4 Hour chart shows price breakout from a falling wedge pattern.
• Price need to stay above the cloud and 200 Period SMA Shown in chart 2 and 3 for a bigger up move to happen.
• BLACKBERRY BREAKS ABOVE 200 DAY SMA

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BLACKBERRY breaks above 200 Day SMA

 

• Blackberry formed a bullish candle above 200 Day SMA.
• Weekly chart shows immediate target or resistance at the falling resistance line from 18 levels.
• If price moves above the resistance line it may fill the GAP between 12 and 14 levels shown in last chart.
• IBM CHART ANALYSIS

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