- Facebook weekly chart shows a Range breakout. Range is about 9 points, Which should take FB towards 90 levels if the breakout sustains.
- Negatives for the breakout is the lack of volume increase in Weekly chart. There is not dramatic increase in volume. So weakness may resume if price closes back below 82 levels. Bulls need to protect 82 for targeting 90 levels
- CRUDE OIL WEEKEND UPDATE
March 22, 2015
- Weekly candle of Crude oil is giving some hope for the bulls of crude oil. But this one has to be confirmed by follow up price action.
- Crude oil bull need a daily close above the cloud.
- Daily close below the range did not happen for Bears. As the range was violated bears were unable to keep price below the support line. Now bears must hope for weakness near the Daily cloud.
- SILVER WEEKEND UPDATE
All the contents of niftychartsandpatterns are for educational purposes only and are not Investment Advice or recommendations offered to any person(s) with respect to the purchase or sale of the stocks / futures. Niftychartsandpatterns shall not be held responsible for the actions of individuals, parties, or corporations taken in response to the ideas, thoughts, concepts or information presented in this blog. Hence all the visitors are requested to apply their prudence and consult their financial or investment adviser before acting on any of the Ideas in this blog.