- Daily chart shows price near 200 Day SMA. Last attempt to stay above this has failed.
- Weekly chart shows support around 10900 levels. Sustaining above this level price may attempt the Golden ratio near the recent swing high.
- Last chart of BN shows the weekly chart with the corrective up move for the fall from 13414 levels. If price fails to trade above the cloud the fall may resume.
- ES 30 Minutes chart shows the steady up move of price in a channel. 30 Minutes cloud is acting as support for the up move. One hour chart is showing negative divergence with price and MACD. This setup need price to trade below 50 Hour SMA to work well.
- Silver violates the daily support zone at 20.42 - 20.54. Bears need a daily close below this level to confirm breakdown.
- Second chart shows the triangle breakdown of silver extending the fall. Close below the above mentioned zone may target 19.09 and 18.14 levels.
- Price found support at 50 Day SMA. Price may target the 20 Day SMA for this bounce.
- One has to look for weakness near golden ratio which is around 6200 levels. Sustaining above the 6200 may retest the all time high again.
- For nifty bulls today's gap up should close near the high's to confirm strength.
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- Weekly chart shows price closing above the sloping resistance line.
- Chart 2 and 3 shows price approaching resistance levels.
- Crucial support around 14.65 levels. current trend will gain more strength on closing above 15.28 levels.
- GROUPON Weekend update
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- Daily chart is showing weakness at 50 Day sma and Daily cloud. Groupon bulls need a cloud breakout to sustain this up move.
- Weekly chart closing looks bullish as price closed above 20 Week SMA. Bullish hammer continues to work well for Groupon bulls.
- EURUSD Likely to move towards 1.3549 levels or closer to the broken 50 Day SMA again.
- Rising support levels shown in 2nd chart is likely to give a breakout towards 1.3549 levels.
