- U.S Dollar has been moving up with negative divergence.
- This particular divergence is giving shallow corrections and continue to move up.
- For now a bigger correction may happen only if price falls below 80.43 and sustains below 20 Day Simple Moving Average.
- Silver Daily chart with descending triangle pattern.
- Bulls will be weak below 28 levels. Breakdown below 26.02.
- Breakout above the resistance line should sustain above 50 Day SMA for a trade against the down trend to be effective.
- COPPER TRIANGLE PATTERN
- Copper daily chart shows a triangle formation.
- 2nd chart shows price with 100 Day SMA and the important support and resistance lines which copper has to takeout for a bigger move to happen.
- MSFT WEEKEND UPDATE
- EXXON MOBIL ANALYSIS
- Description in charts click to expand
- Reliance continue to fall down in a falling wedge pattern. Price has been respecting the support and resistance line of the line chart. For now price is near the upper end of the pattern. If price its not going to give a breakout on closing basis we may see another correction in reliance.
- Daily chart has positive divergence But price yet to close above 20 Day SMA for some strength for bulls to be seen.
- Weekly stochastic is oversold But yet to turn up.
- NIFTY WEEKEND UPDATE
