June 12, 2015

SILVER Trend update

  • Silver week continues to be weak near the cloud. Major trend continues to favour silver bears.
  • Daily chart shows price near a possible support line, If held an up move is possible. This one looks like a failed triangle breakout. Failed breakouts tend to give bigger moves in the opposite direction if the support levels are not held.

CRUDE Oil Golden Cross

  • 4 Hour chart shows price testing a resistance zone. Daily chart has finished a bullish Golden cross. 50 has moved above 200 Day SMA. For now though price is struggling to cross the resistance zone as shown in chart 2. Weakness gets confirmed if price stays below One hour lco