CATERPILLAR Chart analysis

 

• Recent attempts in daily time frame to stay above 200 SMA does not look good for Bulls But price action in weekly chart looks slightly bulls. 
• Weekly chart shows a range of 9 points and Price trying to stay above the weekly cloud. Sustaining above the cloud price should move towards 95 - 98 zone. Negative news may take price towards the lower end of the range at 80.
• FACEBOOK BEARISH ENGULFING PATTERN

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SILVER Resistance levels

• SILVER Weekly chart shows price contraction which may soon get resolved for bigger moves.
• Daily chart is near 200 Day SMA which may act as resistance.
• Closing above daily cloud and 200 Day SMA should lead to bigger up moves.
• CRUDE Oil Violates support levels
• FACEBOOK BEARISH ENGULFING PATTERN

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CRUDE Oil violates support levels

 

 

• Price violating 200 Day SMA and 50% retrace level. Closing below these levels may target the golden ratio. Previous resistance zone of 96.80 - 97.30 may act as support for a bounce.
• FACEBOOK BEARISH ENGULFING PATTERN

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GOLD testing resistance levels

• Gold must breakout above the daily cloud to sustain this up move.
• FACEBOOK BEARISH ENGULFING PATTERN

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FACEBOOK Bearish Engulfing pattern

• Facebook daily chart shows a bearish engulfing pattern. Weakness on price trading below 53.51 levels.
• Daily MACD and price shows negative divergence But price yet to confirm any weakness yet.
• TESLA TREND UPDATE

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AXIS Bank inverted head and shoulders pattern

• Axis bank daily chart shows a potential head and shoulders pattern. Price yet to clear the resistance line or the neck line properly, Need price and volume advance to confirm breakout.
• Price need to sustain or close above 100 Week SMA to target the golden ratio level shown in last chart.

TESLA Trend update

• Tesla 50 Day SMA and up trend lines are getting tested. Breaking them on daily closing basis may lead to an extended fall.
• EURUSD CHART ANALYSIS

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