- Gold weekly chart shows price trying to move out of a broadening pattern. Price need to stay above 1325 levels for another attempt to breakout of this pattern.
- Month chart shows price moving into strong resistance zone between 1340 - 1350. A Bigger breakout in Gold only if this monthly resistance zone is cleared.
- SPX WEEKEND UPDATE
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- Crude oil Daily chart continues to trade above 50 Day SMA. Hope of a bigger fall for crude oil bears only if price starts to close below this line.
- Price in weekly is trading in a 6 Point range between 45 levels and 51 plus levels. This range must be resolved on closing basis for bigger action to happen.
- Weekly chart shows a bearish PIN BAR. 2 bearish candles followed the PIN BAR Keeping the bearishness of the candlestick pattern intact. For bigger falls price has to trade below 45 levels.
- SPX WEEKEND UPDATE
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