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News at Trade 4 Profit

 

 

S&P500 Continuous (1985.54) 
Technically, in Daily Charts, S&P has been moving up in a Rising Channel Pattern since 26th Feb 2013 from a low of 1485.01, making "Higher Bottoms and Higher Tops". This pattern is having Rising Support and Resistance Levels. In last 12 months, S&P500 has tested Rising bottoms of 1487.85, 1560.33, 1646.47, 1737.92 and 1904.78 (8th Aug 2014). In Longer Term charts, S&P has strong support at 1936 (as on 15th Sept 2014), which if violated can wipe off 100-125 points. Coming to 5/10 minute charts, S&P 500 achieved the targets of 1995+ and now it faces resistance at 2036 (Rising line). On the other hand, after rising sharply from 1904 to 2011 in last 25-26 Trading sessions, S&P is slightly overbought with multiple negative divergences which can initiate corrective decline to 1960-1965 in coming days.

Astrologically, Despite fluctuations and Intra-Week volatility, most of the Astro-Indicators favor volatility for next 3-4 weeks. Period after 08th September (+/- 1 day) may not favor bulls and warrant caution till 23rd September 2014 (+/- 1 day). S&P looks positive for few weeks after 23rd Sept 2014, details of which will be provided in coming days. As far as Intra-week movement is concerned, higher levels or recovery will invite profit booking on 15th Sept (Monday). Again recovery in indicated on 17th Sept (Wednesday) but such recovery may also last long as fall is indicated on Friday (19th Sept 2014). (This is preliminary analysis. More accurate analysis with Buy/Sell recommendations will be provided to Paid Subscribers during Market Hours) 


Crude Oil Continuous ($92.27)
Technically, in longer term charts, for last 30 months, Crude has been moving in a narrow "Symmetrical Triangle" pattern (rather a Rectangle pattern) having support at US$74 and Resistance at US$114. These Support and Resistance levels are getting narrowed by a small margin with every passing week. Within this large pattern, many small patterns are formed and movement of crude is dictated by such small patterns. Coming to Extreme Short Term i.e. 5/10 minute charts, Crude is on verge of bearish breakdown from a "Descending Triangle" having support at US$91.5-US$92, which if violated with volumes can bring down Crude to US$82 - US$84 in coming weeks. On the positive side, If Crude is able to hold the support of US$91.50, it may re-attempt to touch US$96-US$96.50 in near term. .

Astrologically, Despite Intraday and Intraweek fluctuations, Astro Indicators warrant caution on ...... ....... For Paid Subscribers Only...... ........ may favor bulls in totality. As far as Intra-week movement is concerned, there can be initial decline on Monday (15th Sept) followed by recovery next day. Higher levels will invite profit booking on Wednesday 17th Sept. Later part of the week looks weak in totality. (This is preliminary analysis. More accurate analysis with Buy/Sell recommendations will be provided to Paid Subscribers during Market Hours) 

GOLD
Continuous ($1231.50)
Technically, in Daily/ Weekly Charts, Gold made 2 important bottoms i.e. US$1179 on 28th June 2013 and another bottom at US$1181 on 31st December 2013 making a kind of "Double Bottom" pattern in Daily Charts. With Lower Tops and Flat Bottom, Gold is making a "Descending Triangle" pattern in Daily charts with major support around US$1175-US$1180. Within this "Descending Triangle" pattern, Gold broken down few small supports like US$1270 and also US$1242 in last few days. Coming to Extreme Short Term (5/10 Minute ) Charts, is oversold with multiple positive divergences in Oscillator charts which can initiate technical recovery to US$1237 and US$1251 in next few sessions. On bearish side, major support exists around US$1175-US$1180.

Astrologically,
Despite fluctuations and Intra-Week volatility, there are ...... ....... For Paid Subscribers Only...... ........  12th October 2014.  As far as Intra-week movement is concerned, there is a possibility of upward movement on 15th but higher levels will again invite profit booking on 16th Sept. There are chances of up move on late 17th or 18th Sept but overall trend is expected to be volatile.  (This is preliminary analysis. More accurate analysis with Buy/Sell recommendations will be provided to Paid Subscribers during Market Hours) 

SILVER Continuous ($18.6060) 
Technically, since June 2013, Silver has made 4-5 important bottoms between US$18 & US$18.45 in addition to few Lower Tops i.e. US$25.12(Aug 2013), US$23.09(Oct 2013), US$21.28 (July 2014). Now it has become a sort of "Descending Triangle" pattern having multiple supports around US$18.25-US$18.50 and Resistance around US$21.33. Breakout on either side is capable of giving a move of US$2.75-US$3.00 in coming weeks. Coming 5/10 Minute Charts, Silver is extremely oversold after decline from US$21.60 to US$18.455 since 10th July 2014 without any technical recovery. Silver has multiple positive divergences in various Oscillator charts which can trigger technical recovery to US$19.45, US$19.78 and US$20.33 in coming days/ weeks, provided Silver does not break the crucial support of US$18.20.

Astrologically, Despite fluctuations and Intra-Week volatility, there are c...... ....... For Paid Subscribers Only...... ........ till 12th October 2014.  As far as Intra-week movement is concerned, most of the indicators favor rise on Monday, 15th Sept 2014 followed by profit booking on 16th/17th Sept 2014. Since there are conflicting signals in totality, one will have to trade on day-to-day basis following Intraday charts. (This is preliminary analysis. More accurate analysis with Buy/Sell recommendations will be provided to Paid Subscribers during Market Hours) 

COPPER Continuous ($3.1065) 
Technically, since last 17-18 months, Copper has been moving in a kind of "Declining Channel" pattern when Copper made a high of US$3.80 (Feb 2013), followed by "Lower Tops" at US$3.42 (Dec 2013) and US$3.30 (July 2014). Lower Bottoms were made at US$3.17 (April 2013), US$3.08(June 2013) and US$2.93(March 2014). Within above "Declining Channel" pattern", Copper is making another Triangle Pattern having support at US$3.05, which if violated may target US$2.75 within next few days. On bullish side, resistance exists at US$3.30, which if violated with volumes may target US$3.60-US$3.70 which may be achieved soon.

Astrologically, Despite fluctuations and Intra-Week volatility, Copper will attract
...... ....... For Paid Subscribers Only...... ........  may favor bulls. As far as Intra-week movement is concerned, lower levels will invite buying on Monday (15th Sept) as well as Tuesday (16th Sept). Copper may again try to rise on 18th Sept followed by profit booking on late Friday (19th Sept). (More accurate analysis with Buy/Sell recommendations will be provided to Paid Subscribers during Market Hours) 

NATURAL GAS Continuous ($3.857) 
Technically, as far as weekly charts are concerned, Natural Gas had made a Highly Bullish Pattern i.e. "Inverted Head & Shoulder" which was under formation since 25th June 2010. This pattern had 2 shoulders at US$3.21 and US$3.12 with Head at US$1.90. Neckline of this pattern was at US$4.50. Gas gave bullish breakout from above pattern, setting targets of  US$6.5-US$7.0 which was achieved on 24th Feb 2014 when Gas touched US$6.49. In 5/10 minutes (Extreme Short Term) charts, Natural Gas has made a kind of "Double Bottom" Pattern with 2 bottoms made at US$3.72 each with resistance at US$4.02 which is already violated. Another close above US$4.02 can set target of US$4.30-US$4.35 which may be achieved in near future. (From 5T-080914)

Astrologically, most indicators, favor ...... ....... For Paid Subscribers Only...... ........  positive for some time. As far as Intra-week movement is concerned, higher levels will invite profit booking on Monday, 15th September and and recovery on 17th or 19th will also invite profit booking. Overall trend during the week may not favor bulls.  (This is preliminary analysis. More accurate analysis with Buy/Sell recommendations will be provided to Paid Subscribers during Market Hours) 

USDINR Continuous (60.650) Technically, USDINR had formed an "Inverted Head & Shoulder" Pattern in daily charts since 14th March 2014, having Head at Rs58.25 (22nd May 2014) and Shoulders at Rs59.57 and Rs59.54 respectively and Neckline Resistance at Rs60.56 which was decisively taken off on 01st August 2014, setting bullish Targets of Rs62.70-Rs62.85 which may be achieved soon. Coming to Extreme Short Term Charts, USDINR can decline to Rs59.95-60.25 (Declining Support Line), followed by bounce back towards US$62.75 in coming days/weeks. (From 5T-080914)

Astrologically, despite intraday/ intraweek fluctuations, USDINR may change trend after every 4-6 days during the period from ...... ....... For Paid Subscribers Only...... ........  any side may be avoided.  As far as Intra-week movement is concerned, USDINR looks volatile during this week. Initial recovery possible on Monday (15th Sept) followed by rise and fall again within next few days. Overall astro-indicators favor volatility only. (This is preliminary analysis. More accurate analysis with Buy/Sell recommendations will be provided to Paid Subscribers during Market Hours) 


 

                                                                 

Technical Outlook of Indian Stock Market as on 15th September 2014

World Commodities as on 15th September 2014

 

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