- First chart of weekly time frame shows a rising support line. Further weakness only on price breaking below this line.
- 2nd chart shows horizontal support zone between 30.84 - 31.02. Below this zone price is likely to test the weekly cloud. Strength in weekly chart only on price closing back above 20 Week SMA.
- SILVER Weekend update
August 18, 2013
- Blackberry getting resisted at Weekly cloud and 50 Week SMA.
- Daily chart shows Fibonacci support levels. This fall may not last much price is likely to move up again from Golden ratio or 78.6% Fib level towards the Unfilled GAP shown in last chart.
- For a bigger up move price must sustain above 50 Week SMA.
- S&P 500 Weekend update