March 7, 2015

Google at weekly resistance line

  • Google hits the weekly resistance line
  • Daily MACD Histogram shows negative divergence
  • Daily chart is showing weakness. But price for now is staying above 200 SMA. Bigger weakness only if this line is broken on closing basis.

Facebook Weekend update

  • Facebook is showing weakness at weekly range Top.
  • Daily chart is moving down after a Bearish PIN BAR Candle. Next crucial support level is at 78. More weakness if 78 level is gone on closing basis.
  • GOLD Nearing weekly lows

CRUDE Oil Weekend update

  • Crude oil daily continues to move in a range.
  • For crude oil bulls price need to sustain above the daily cloud and the range for a reversal to confirm.
  • Range breakdown should take price below 40 levels.
  • GOLD Nearing weekly lows

Gold nearing weekly lows

  • Gold is testing golden ratio in Monthly chart.
  • 4 Hour chart shows a range breakdown. Price has almost reached its target for this time frame.
  • Weekly lows are crucial to held. Gold bulls are hoping that price stays above the recent weekly low level which is shown in chart 2.