March 29, 2015


  • Silver daily chart shown with a bearish shooting star candlestick pattern.
  • Price in daily chart is pausing at 200 Day SMA and Golden ratio. Silver bulls must cross 200 SMA to extend the bounce.
  • CRUDE OIL WEEKEND UPDATE
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  • Apple testing crucial support levels around 121-122 levels.
  • 50 Day SMA and 38.2% Fib levels must hold to avoid a correction.
  • Closing below 121 levels will favor apple bears.
  • CRUDE OIL WEEKEND UPDATE



 
 
  • EURUSD Daily chart nears 50 Day SMA and the cloud. Both these levels have acted as strong resistance levels for euro against us dollar.
  • Month chart shows a long lower shadow for the current month candle, Which suggest the pair is trying to form a reversal. Problem for this view is the remaining 2 day's of the Month. Bulls of EURUSD need a close at the current levels or Higher.
  • CRUDE OIL WEEKEND UPDATE
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  • Tesla weekly chart shows price below 100 Week SMA.
  • 185 and 177 are crucial levels for Tesla.
  • Month chart is looking good for bears. Price is forming a candle below 20 Month sma. Lower closing for the month may target lower BB in the coming months.
  • Oversold bounces in daily chart can be used to enter short trades.
  • CRUDE OIL WEEKEND UPDATE
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My Favourite Quote

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore