SILVER Chart Analysis

DAILY CHART

WEEKLY CHART

• Silver daily chart is sustaining above the resistance line. Bulls of silver need a daily close above the resistance line and 20 Day SMA.
• 20 Day SMA is the immediate resistance line.
• Price has been finding support near or at 20 Week SMA on CLOSING Basis. Current week has started well so far. Price sustaining above 20 Week SMA and above 20 Day SMA will favor bulls of Silver.
• COPPER IN A RANGE
  

AUDUSD Chart analysis

FOUR HOUR CHART

DAILY CHART

• AUDUSD Four hour chart shows price near resistance line. Four hour chart also shows price getting resisted at the cloud. So bullish traders need a cloud break for a bigger up move to happen.
• Daily chart shows a bull flag like correction. Breakout above the resistance line and 20 day SMA should result in an up move towards 1.0660 at least.
• Getting resisted here at 20 SMA should take this pair towards the support line of the flag.

AMAZON Near 200 SMA

• Price is sustaining above resistance lines and Fibonacci levels. Closing above 200 SMA will keep the upward momentum intact for 205 and 215 levels.
• For bulls price should close above 200 Day SMA.

GOLD Chart Analysis

• Price has to close above the cloud and 23.6% Fibonacci level for a possible trend change in four hour time frame.
• COPPER IN A RANGE
  

COPPER in a Range

• Copper daily chart continue to trade within the range of 3.6838 - 3.9790.
• Weekly chart with fibonacci levels shows price stuck between 50% - 61.8%(Golden ratio). A weekly candle closing outside this range may give the next trending move in copper till then range bound move will continue.

BANK NIFTY Analysis

• Short term support and resistance levels are 10130 and 10590.
• On the downside BN has many crucial support levels so a breakdown below 10130 may not give a trending move, For that bears need the 200 SMA to be broken.
• On the upside closing above 10590 may give good momentum for BN for targets like 10900 and above.
• NIFTY WEEKEND UPDATE

Caterpillar Chart Analysis

• First chart shows a consolidation pattern which will resolve in favor of bulls if price stays above 105 levels.
• 38.2% Fib level is acting as support for now. Closing below this level will make the stock weaker. Important support level is between 104 - 106. If week starts to trade below this level we may see a sell signal in Weekly MACD.
• For strength price need to trade above 23.6% Fib level. 
• BIDU WEEKEND UPDATE