- Nifty daily MACD Histogram is showing a negative divergence But price is yet to confirm any weakness yet.
- Daily chart structure will be positive as long as it stays above 5348
- Week has resistance at upper bollinger band and Weakness on falling below 100 Week SMA.
- SILVER HITS RESISTANCE LEVELS
- First chart shows price getting out of the rising wedge pattern.
- Next chart shows price breaking below the 4 Hour cloud.
- Now 20 day SMA is getting tested. Daily close below this level will favor bears to extend gains. If price close at these levels or lower It will give a bearish engulfing pattern.
- FACEBOOK CHART ANALYSIS
- Silver violates 200 Day SMA.
- Price testing 50 Week SMA and the falling resistance line shown in last chart.
- For the up move to be a bigger one silver bulls need a weekly close above 50 Week SMA and the falling resistance line of weekly chart.
- Facebook continuing its down trend below 100 Hour SMA.
- 4 Hour chart shows consolidations leading to breakdowns.
- But for bulls of Facebook a bounce might happen only if price starts to trade above 100 Hour SMA. Hour chart is showing positive divergence which may result in a bounce if price confirms.
- Crude oil must sustain above 200 SMA to avoid a fall.
- Price is testing Golden ratio and a possible resistance line. For bulls of crude oil to continue the ward momentum these two levels must be crossed on closing basis. Week candle must close above 61.8% for sustaining the upward momentum.
- ES CHART ANALYSIS
- ES 4 hour yet to give a breakdown from the rising wedge like pattern.
- 50 Period SMA is yet to be broken. Breaking below 50 period SMA and yesterday's low may give a bigger fall.
- Sustaining above the line shown in last chart will continue this grinding up move of ES.
- BN Daily chart shows a contracting triangle pattern .
- Support for the stock is at 50 day SMA.
- Weekly chart is hanging around 50% Fibonacci level. When the triangle gets resolved we should see a move towards either golden ratio or 38.2% Fib level depending on the direction of the breakout.
- SILVER RESISTANCE LEVELS
- GOLD RESISTANCE LEVELS
