- Silver daily chart is showing weakness at 200 Day SMA.
- Hour chart continues to be weak and has fallen below both 50 and 200 Hour SMA.
- 4 Hour chart is testing the cloud. Getting support here may resume the up move. Breaking below the cloud may result in a bigger correction
- Crude oil takes support at 50 Period SMA and the Golden ratio in four hour chart.
- Weakness only on breaking below 106.75 levels.
- Strength on sustaining above 108.15 levels.
- ES Hour chart shows a corrective up move which is forming a bear flag kind of pattern.
- Crucial resistance here is the 200 Hour SMA. Closing above this level may favor bulls for a bigger up move.
- Weakness near 200 Hour SMA may lead price towards the lows near the 50% retrace level shown in daily time frame. Bears will gains strength on closing below 50% Fib level.
- Tata Motors weekly chart is testing the resistance line of the triangle. Last breakout was not successful. Breakout on closing basis this time and a move above 315 - 320 levels may give a bigger up move for the stock.
- Weakness here may take price back towards the weekly cloud. Weekly cloud is acting as strong support for the stock. Holding above the cloud price is likely to move higher.
- Crude oil daily has fallen back into the range.
- 4 Hour chart also shows price falling back into the triangle pattern. Price closing inside the daily rang may give a bigger correction for crude.
- One hour chart shows price near Golden ratio and 50 Hour SMA. Breaking this level may extend the current fall.
