SILVER Falling towards support zone

• Silver four hour is falling towards the support zone 32.97 - 33.14
• If the support zone is held an up move towards 34.25 is possible.

COPPER at Channel support line

CHART-II

• Channel support line discussed below has been violated. Bigger fall may happen only if price stays below 3.7510 levels.

CHART-I

• Copper testing the channel support line. Price is below 100 Period sma. Bulls of copper need price to breakout above the dotted resistance line and 100 Period SMA. It would be safe to be long copper above 3.8653 levels.
• Bears need price to breakdown below the channel support line.  Copper will be weak below 3.7840  and weaker below 3.7510 levels.
• RISING WEDGE OF SPX
  

NIFTY Ascending triangle and range

CHART-II

• Range was about 100 Points so price should hit 5530 levels. 

CHART-I

• Nifty 15 Minutes with ascending triangle and Hour chart with range.
• Bullish above 5420 - 5430 level. Weak below 5390

NIFTY Daily chart analysis

• Nifty continues to be in a range. But indicators are showing weakness. Initial reaction out of the range may end up as a whipsaw. An upper breakout from the range should result in perfect negative divergence. Breakdown from the range should give good short entry but one should have proper stop loss if nifty decides to continue to original trend.
• RISING WEDGE OF SPX
  
• MCX COPPER CHART ANALYSIS
  
• MCX CRUDE OIL RISING SUPPORT LEVELS
  

Rising Wedge of S&P 500

• A Bearish rising wedge pattern in four hour time frame of SPX.
• Price is near the apex of the pattern and should give a breakdown or breakout soon.
• Rising wedges are mostly bearish patterns. If price breaks below the cloud as shown in second chart it should target 1270 levels initially.
• An upper breakout cannot be ruled. In many cases they end up as false breakouts or busted patterns.
• EURUSD ANALYSIS
  

EURUSD Chart analysis

• EURUSD Four hour chart with a rising wedge like pattern.
• Price is testing the support line and 50 period SMA.
• Breaking below these levels on closing basis will extend correction towards 1.3100 levels.
• Getting support here may result in an up move towards 1.3280 levels initially.

GLD Chart Analysis

• Last chart shows overbought stochastic and price correction. 
• Right now price is testing 20 Day SMA and 50% Fib level. If this level holds an up move towards 171 is possible.
• Price closing below 20 Day SMA shall give a correction towards 162 - 163 levels