SILVER Weekly chart shows the current range of Silver between 23.6% and 38.2% Fibonacci level.
Right now price is testing 23.6% Fib level. If this level is held an up move can be seen.
4 Hour charts show resistance at 50 period SMA and Ichimoku cloud. These levels has to break on the upside for a possible move towards 38.2% Fib level which is the range top. Breaking below 31.45 will extend the correction.
First chart, Daily time frame shows price below support zone of 86.90 - 87.60.
Second chart shows price below crucial moving averages in daily time frame. Sustaining below these levels will extend the fall of crude oil.
Third chart is the Weekly fibonacci levels. Price trying to hold above 23.6% Fib level. Unable to hold on to this level may result in a deeper fall in crude oil. Getting support here may result in a rise towards 89 levels.
Dow Jones weekly chart with the rising wedge shows price nearing the rising support line.
Second chart shows price closing the week below Middle bollinger band or 20 Week SMA. If sustains below this level price could move down towards 50 Week SMA.
Daily chart shows price trying to hold above 38.2% Fib level. Below this level 200 Day SMA may act as support.
