- The recent swing high made at 8654 near the golden ratio is crucial for bears to defend as long as that holds another big down move is possible. Price is trading in the bearish portion of a broad range. 8650 can be taken as the middle of the range and as long as price stays below it big bullish moves are not possible.
- Silver daily, week and month at crucial support zone or swing low. Daily continues to give new lows, same can be seen in the monthly char as well. Unless the swing low shown in chart 2 holds bigger falls cannot be avoided.
- Apple week is falling after a bearish engulfing pattern. Price is staying below the up trend line. Bears need to do more for bigger falls to happen. 119 is a crucial level to hold. Week must close below 119 levels for bigger falls to happen.
- Daily and 4 hour chart shows trending moves in Crude oil. Down move likely to take price towards lows made in March. Possible reversal or pause in fall may happen only at the recent monthly lows.
- EURUSD Continues to show weakness at 50 day SMA. Pair will remain weak below the daily cloud and most importantly pair is unable to make an attempt to move above 200 Day SMA.
- The golden ratio and Negative divergence gave good correction. Next hope for bulls is 50 Day SMA if not held on closing basis can give bigger falls.
- ES One hour shows price trending below hourly cloud. But Daily and weekly charts are approaching crucial support levels.
- 50 Week SMA and previous support level in daily time frame may stop a bigger fall from happening.
