CRUDE Oil chart analysis

• Crude oil month chart shows price moving above crucial resistance level between 51 and 52. Crude bulls of higher time frame needs a Month close above this zone.
• Weakness levels are shown in daily time frame.
• Weakness below 51.62 levels
• Selling level if price falls below 49.61
• SILVER Month Chart

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APPLE Support and Resistance levels

• Weekly chart shows resistance near 119 levels if price stays above 115 levels.
• Weakness if price falls back below 50 Day SMA near 112 levels.
• SILVER Month Chart

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SILVER Trend update

• Silver month chart shows a down swing towards the Trend line drawn from 2005 Lows. For this to happen price should break below 15 levels.
• Immediate support for Silver near 15.80 levels. More weakness only on week staying below this level.
• 4 Hour chart shows the double top the subsequent fall and the Immediate resistance at 16.16 levels. For a bounce to happen price should sustain above 16.16 levels.
• GOLD Trend update

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GOLD Trend update

 

• Gold 4 hour chart shows price continues to trade below the cloud. Price sold off as it neared the cloud.
• 50 Period SMA acted as strong resistance as well. There were 3 Bullish attempts which failed at this moving average.
• Now for a sudden bounce to happen price must get back into the pattern shown in 3rd chart.

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ES Technical analysis

• ES 4 hour chart with crucial support levels
• Weakness if price falls below 2243 and 50 Period SMA.
• looks like a bearish head and shoulder type of pattern developing in 4 hour chart.

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CRUDE Oil Weekend update

• Crude oil month chart shows a Bullish pattern being formed. Price sustaining above 52 levels will be negative for crude bears.
• Levels to watch are 52.42 on top. 
• Bears need to sustain below 49.61 on closing basis for bigger falls to follow.
• Broadening pattern of EURUSD

Broadening Pattern EURUSD

• 4 Hour chart shows price testing support zone of the Broadening Pattern. 1.0520 is the crucial low in 4 Hour time frame.
• If 1.0520 does not hold the weekly lows are likely to be tested.
• Month chart is in consolidation after a Big down move. Mostly these consolidations are likely to be solved in favour of the bigger move. 1.0456 is the crucial level in week and month charts. 

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