CRUDE OIL breaking support levels

• Crude oil four hour chart shows price breaking crucial support levels.
• Daily chart shows price violating 50 Day SMA. Crude oil bears need a close below 50 SMA.
• Fibonacci levels too shows price violating crucial levels.
• COPPER NEAR RESISTANCE LEVELS

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APPLE Chart analysis

• Hour and daily chart shows possible resistance lines.
• Daily chart continue to diverge negatively without any use for bears. Price continuing above 20 SMA will favor bulls to extend gains.
• SPX ANALYSIS AFTER CLOSE

S&P 500 Futures chart analysis

• One hour chart shows channel breakout and retest of the channel resistance line. 100 Hour SMA too may act as support for an up move.
• Price in a range between 1449 - 1458. Once the range is resold a bigger move is likely to happen.
• Price is above 200 SMA as shown in 3rd chart a bigger fall may not be possible as long as price holds above this crucial support level.
• SPX ANALYSIS AFTER CLOSE

COPPER Near Resistance levels

•  COPPER Daily chart shows price near previous resistance level of 3.84.
• Crucial support levels in four hour charts are the 50 period SMA and 3.7365.
• Up trend will be safe above the cloud. Four hour chart shows a possible double top pattern. Candlesticks too suggests a correction from the current levels towards the support levels discussed above.
• SPX ANALYSIS AFTER CLOSE

S&P 500 Analysis after closing bell

 

 

• SPX one hour hits the up trend line.
• Price also at 23.6% Fibonacci level.
• Price near 50 Hour SMA.
• Resistance line of 4 Hour may act as support. Breaking these levels will extend correction towards 1444 levels. Taking support here should resume the up move towards recent High's
• EURUSD WEEKLY CHART ANALYSIS

SILVER Trend update

• Silver Four hour chart shows price continues to make newer high's holding above the trend line and 50 period SMA.
• Price is testing a crucial fibonacci level in Weekly chart. Trading above this level will favor silver bulls. A weekly close above this level should give 37 and higher levels for Silver Bulls.
• EURUSD WEEKLY CHART ANALYSIS

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