Blog Posts - Oversold



Gold and Silver charts: bears continue to rule

Gold chart patternTrump's election win and the subsequent strengthening of the US Dollar, and oversold technical indicators had led to the following comment in the previous post on the daily bar chart pattern of Gold: "Any technical bounce towards 12...

Sensex, Nifty charts: bulls and bears struggle for domination (Dec 02, 2016)

As per provisional figures, FIIs were net sellers of equity worth Rs 31.8 Billion while DIIs were net buyers of equity worth Rs 22.6 Billion. Both Sensex and Nifty closed 0.3% lower for the week.India's GDP growth touched 7.3% in Q2 (Sep '16) against...

WTI and Brent Crude Oil charts: short covering rallies on OPEC output freeze speculation

WTI Crude Oil chartThe daily bar chart pattern of WTI Crude Oil formed a 'rounding top' reversal pattern (clearly visible on the 20 day and 50 day EMAs) during the past three months, and corrected below all three EMAs into bear territory.The fol...

WTI and Brent Crude Oil charts: bulls reluctantly yield ground as bears dominate

WTI Crude Oil chartThe following comment appeared in the previous post on the daily bar chart pattern of WTI Crude Oil: "All three daily technical indicators are looking bearish and showing downward momentum - hinting at some more correction."Oil's p...

Stock Index Chart Patterns: S&P 500 and FTSE 100 - Jun 17, 2016

S&P 500 index chartThe daily bar chart pattern of S&P 500 corrected below its 20 day and 50 day EMAs, touching an intra-day low of 2050 on Thu. Jun 16. It recovered to close exactly on its 50 day EMA.Status quo on interest rates by the U...

Gold and Silver charts: sharp corrections provide buying opportunities

Gold chart patternThe daily bar chart pattern of Gold corrected sharply below its 20 day and 50 day EMAs but bounced up with strong volumes after receiving good support from the 1200 level.The 200 day EMA is rising. Gold's price is trading above...

Stock Chart Pattern - Cummins India (An Update)

The previous post was written more than 3 years ago, when the Rs 2 face value stock had soared past the Rs 500 mark. It subsequently corrected with the broader market and closed at a low of 374 in Aug '13.A spectacular bull rally followed. After...

Stock Index Chart Patterns: S&P 500 and FTSE 100 – Feb 12, 2016

S&P 500 index chartThe following comments appeared in last week's post on the daily bar chart pattern of S&P 500: "All three EMAs are falling, and the index is trading below them in bear territory. The Jan 20 low of 1812 is likely to be teste...

WTI and Brent Crude Oil charts: an update

WTI Crude chartThe following comments appeared in the previous post on the daily bar chart pattern of WTI Crude oil: "A technical bounce is likely - but there is still no sign of a bottom formation. That means even lower levels are possible ..."Oil's...

Stock Index Chart Patterns: S&P 500 and FTSE 100 – Jan 22, 2016

S&P 500 index chartThe following comments appeared in last week's post on the daily bar chart pattern of S&P 500: "...the fall has been a bit too steep. Daily technical indicators are looking bearish and oversold, which ca...

BSE Sensex and NSE Nifty 50 index chart patterns – Jan 22, 2016

There seems to be no let up in FII selling. Last week, their net selling in equities crossed Rs 5900 Crores as per provisional figures. DIIs more than matched them as their net buying in equities crossed Rs 6075 Crores.However, both Sensex and Nifty...

Stock Index Chart Patterns: S&P 500 and FTSE 100 – Jan 15, 2016

S&P 500 Index ChartThe following comment appeared in last week's post on the daily bar chart pattern of S&P 500: "Strong volumes, and the 'death cross' of the 50 day EMA below the 200 day EMA indicate bears are regaining c...

BSE Sensex and NSE Nifty 50 index chart patterns – Jan 15, 2016

Plummeting oil price and a crash in the Chinese stock market continues to spook FIIs, who have been on a selling spree across global markets. Already there is talk about a 2008-like bear market - specially from those experts who propound the 8 years...

WTI and Brent Crude Oil charts: fall to 12 year lows

WTI Crude chartThe daily bar chart pattern of WTI Crude oil briefly rallied past the resistance of its falling 20 day EMA and the 38 level on the first trading day of 2016 - only to form a 'reversal day' pattern (higher high, lower close).R...

Stock Index Chart Patterns: S&P 500 and FTSE 100 – Jan 08, 2016

S&P 500 Index ChartThe following comment was made in last week's post on the daily bar chart pattern of S&P 500: "The index may once again fall down into bear territory - below its three daily EMAs."So it did - and how?! The index dropped lik...

Analisa Teknikal GBPUSD hari ini,10-03-2014

Salam profit. Berdasarkan analisa teknikal dan pola pergerakan harga yang terjadi beberapa minggu terakhir terhadap pair GBPUSD “sideway” ImpianClub Team memberikan analisa pada jam 17:35 WIB: “Pada TF H1 dan H4 indikator stochastic...
by Strategi Forex Bersama BIC on Dec 30, 2015

WTI and Brent Crude Oil charts: an update

WTI Crude chartThe daily bar chart pattern of WTI Crude oil dropped to a new low below 35 on Dec 14 '15, but formed a 'reversal day' pattern (lower low, higher close) and almost reached the 38 level the next day.Despite good volume support, the...

Gold and Silver charts: an update

Gold chart patternThe following remarks were made in the previous post on the daily bar chart pattern of gold: "The fall during Nov ‘15 has been a bit steep. That can lead to a short covering rally."Gold's price dropped below 1050 intra-day on...

WTI and Brent Crude Oil charts: fall to 7 year lows

WTI Crude chart The following comments appeared in the previous post on the daily bar chart pattern of WTI Crude oil: “Another attempt at a rally may be in progress – thanks to the continued turmoil in the Middle East. A glut in global supp...

Gold and Silver charts: fall to 6 year lows

Gold chart pattern The daily bar chart pattern of gold shows the effect of a strong US Dollar on gold’s price. After a struggle to stay in the zone between 1070 and 1080, gold’s price dropped to 1050 – a level not seen since Nov ‘09. T...


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