- Up move in daily chart continues to pause at 200 Day SMA.
- Bulls need a close above 100 - 101 zone for bigger up moves to happen.
- Hour is trading above the cloud. Price continues to be in a range in hour chart. Weakness only if price starts to trade below the hourly cloud.
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- Ford weekly chart shows price taking support at the crucial 14.3 level which has acted as support and resistance levels in the past.
- Price has bounced from the above mentioned level to the 20 Day Moving average. MACD alignment is looking bullish but price has to stay above 20 SMA for a bigger bounce to happen.
- This up move will find it tougher to sustain at higher levels because of the Death cross. For the Death cross to perform well price should break and close below 14.3 levels.
- Blackberry weekly chart continues to show weakness at Upper bollinger band.
- Daily chart unable to stay above 200 Day SMA.
- Last chart shows price testing crucial support level near 8.98 area and the Daily lower bollinger band. Staying above this level may give an up move back towards 200 sma again. Daily close below this level will extend the correction towards 8.30 levels.
- Gold Bulls are able sustaining in the bullish zone above 200 Day SMA. If the corrections are going to be shallow then bigger up moves are possible.
- Targets for the current up move is likely to be the swing high which is the 1350 - 1360 zone. This resistance level lies between the golden ratio and 78.6% Fib level. Upper bollinger band of Weekly time frame too is near 1350 level. So one can expect a pause to happen at this zone.
- SILVER Range Breakout and Target levels
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- First chart shows daily time frame with range breakout and target zone which is above 22.
- Second chart is the weekly time frame with price breaking above Middle bollinger band. Closing at the current levels may extend this move towards the upper bollinger band.
- Immediate levels to watch is the 38.2% Fib level shown in daily time frame. Price must sustain above this level for a bigger up move to happen.
- ES Correction could not take price below the hourly cloud.
- Daily chart shows price continues to stay above 50 Day SMA and previous support resistance zone. Bears must break below this level for bigger falls to happen. Sustaining above this level should lead to new high's.
- Daily chart unable to move past 20 and 50 Day SMA has fallen towards 200 SMA again.
- Weekly stochastic is yet to reach oversold zone. If the recent low near 5930 and 200 SMA is not held a bigger down move is likely to be seen.
- Bulls need price to show consolidation near 200 SMA for a possible up move to happen.
