SILVER above resistance line below 50 SMA

• SILVER Violates the down trend line. But price is still below 50 Day SMA.
• There is a price cluster between 30.90 - 31.20 levels which acted as support previously and may act as resistance now.
• For the up move to sustain price has to trade above 50 Day SMA and the above mentioned price cluster.
• Price Falling back below the down trend line will be bearish.
• CRUDE OIL TESTING RESISTANCE BAND
  

NFLX Resistance levels

• NFLX is trading near the top of the cloud and Weekly Middle bollinger band which might act as resistance.
• Daily chart shows possible resistance band between 103 - 107 level. Trading above this band price will target 200 Day SMA.
• PREVIOUS UPDATE ON NFLX
  
• CRUDE OIL TESTING RESISTANCE BAND
  

CRUDE OIL Testing Resistance band

• Crude oil price testing strong resistance levels.
• Weekly chart shows price approaching Golden ration for the fall from 147 to 33 levels. It is also a neckline for an Inverted Head and shoulders pattern.
• Price has to sustain above 105 levels for a possible breakout towards 112 levels to happen.
• SPY TREND UPDATE
  

NIFTY Analysis

• Price is also near Week high EMA. For an up move to happen weekly candle should close above it. Getting resisted here will be negative.
• Oversold stochastic may keep the bulls interested. But in daily time frame it is overbought. So its better to look at the price range and closing values first before looking at the indicators.
• COPPER IN A TRIANGLE PATTERN
  
• USDINR FALLING TOWARDS THE TREND LINE
  

SPY Trend Update

• SPY Four hour with 20, 50 and 200 period SMA. Bulls are safe to extend this up move as long as they stay above 20 Period SMA.
• 2nd chart shows the levels which may trigger a bigger up or down moves. For bears price need to fall and close below the dotted trend line for a possible move towards 126.43. For bulls breaking above 128.38 may extend the gains.

US Dollar moving up with negative divergence

• U.S Dollar has been moving up with negative divergence. 
• This particular divergence is giving shallow corrections and continue to move up.
• For now a bigger correction may happen only if price falls below 80.43 and sustains below 20 Day Simple Moving Average.

SILVER Descending Triangle pattern

• Silver Daily chart with descending triangle pattern.
• Bulls will be weak below 28 levels. Breakdown below 26.02.
• Breakout above the resistance line should sustain above 50 Day SMA for a trade against the down trend to be effective.
• COPPER TRIANGLE PATTERN