- First chart is the 4 Hour time frame with channel breakout and Immediate resistance levels.
- 2nd chart is the weekly triangle. If the levels in 4 Hour chart is taken out then the weekly resistance levels are possible for bulls of crude oil.
- Weakness at resistance levels of 4 Hour chart may resume the fall again.
- GOLD Support Levels
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- Gold four hour chart near crucial support levels.
- Rising support line and 100 period SMA should be held for an up move to happen. Gold bears need to close below these levels.
- ES Four hour in a big ascending triangle pattern
- 4 Hour cloud is giving support for price. Price yet to close below the cloud. Sustaining above the cloud may lead to a breakout.
- Weakness only on price closing below 4 Hour cloud.
- Crude oil 4 Hour chart shows price getting support at crucial fib levels.
- One hour chart shows a channel breakout in favor of bulls.
- Weekly chart shows price taking support at Triangle patterns resistance line. Weakness only if price falls into the pattern.
- Reliance Communication daily chart shows a bullish engulfing pattern.
- Daily chart shows support at 50 Day SMA. For weakness to resume price must trade below 50 Day SMA.
- Weekly chart shows resistance at 150 - 151 levels. This level must be crossed on closing basis for bigger up moves to follow in the coming days.
- Daily indicators are turning weak in S&P 500 chart. Stochastic has given a sell signal. Bears need price to close below 20 Day SMA for a bigger fall to happen.
- Weakness on price trading below 1676 and 1669 levels.
- Silver unable to trade above 50 Day SMA.
- Monthly chart shows price yet to hit the 78.6% Fib level. Price may test this level before a bigger up move could start.
- For bulls of silver need a close above 50 Day SMA for an up move to happen.
