- Crude oil Daily chart shows price pausing at golden ratio. Weekly chart shows 100 Week sma at the current lows. Breaking these levels on closing basis should extend the fall of crude oil towards the up trend line shown in last chart.
- SILVER False breakout
October 31, 2013
- Price re entering the range after a breakout mostly results in a fall that's shown in one hour chart. Daily chart too failed to stay above 200 SMA on closing basis and has given a bearish candle at this crucial resistance line(200 sma). Price likely to hit 23.6% Fib level as shown in last chart.
- FACEBOOK Support levels
- SPY daily chart shows bearish engulfing pattern and Negative divergence, these two patterns needs confirmation for staying short. In the immediate short term price should break and sustain below 50 Hour SMA for the above bearish patterns to work well.
- Taking support at 50 Hour sma will negate the bearish possibilities.
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