- GOLD Four hour shows an ascending triangle breakout.
- Resistance levels with fib levels looks good for bears as price is approaching Golden ratio.
- If fib resistance levels are broken price may target the support resistance lines shown in daily time frame.
- Crude oil near range bottom.
- Support at 92.13 if not held could lead to 50% Fib level and 200 Day SMA.
- Crucial support levels 20 Day SMA and 23.6% Fib level.
- Week is testing 5 Week High EMA (6111). Moving back above this level on weekly closing basis will help bulls to resume the up move.
- Facebook One hour chart shows price giving new lows.
- Price moving down in a channel. Price near channel support line which may give an oversold bounce.
- Major resistance will be the hourly cloud. Prevailing trend will become weak only on trading above the cloud.
- Google four hour chart shows support at 50 period SMA and 38.2% Fib level.
- One hour chart shows Hourly cloud as resistance. Strength only on price moving back above hourly cloud.
- ES Trading below 4 Hour Ichimoku cloud.
- Price testing 100 Period SMA.
- Bears of ES will be stronger once price starts to trade below 100 period SMA and 1629 - 1633 support zone.
- Tata Steel nearing range top in daily chart.
- Price also near 23.6% Fib level near 329 levels and Testing 5 Week High EMA at the current levels.
- Price need to to a convincing close above 330 levels for a bigger up move to follow. Any weakness in daily chart could lead to a sell towards range bottom.
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