SILVER Weekend update

• Silver daily chart shown with a bearish shooting star candlestick pattern.
• Price in daily chart is pausing at 200 Day SMA and Golden ratio. Silver bulls must cross 200 SMA to extend the bounce.
• CRUDE OIL WEEKEND UPDATE

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APPLE Chart analysis

• Apple testing crucial support levels around 121-122 levels.
• 50 Day SMA and 38.2% Fib levels must hold to avoid a correction.
• Closing below 121 levels will favor apple bears.
• CRUDE OIL WEEKEND UPDATE

EURUSD Trend update

 

 

• EURUSD Daily chart nears 50 Day SMA and the cloud. Both these levels have acted as strong resistance levels for euro against us dollar.
• Month chart shows a long lower shadow for the current month candle, Which suggest the pair is trying to form a reversal. Problem for this view is the remaining 2 day's of the Month. Bulls of EURUSD need a close at the current levels or Higher.
• CRUDE OIL WEEKEND UPDATE

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TESLA Weekend update

• Tesla weekly chart shows price below 100 Week SMA.
• 185 and 177 are crucial levels for Tesla.
• Month chart is looking good for bears. Price is forming a candle below 20 Month sma. Lower closing for the month may target lower BB in the coming months.
• Oversold bounces in daily chart can be used to enter short trades.
• CRUDE OIL WEEKEND UPDATE

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Google Technical analysis

• Google weekly chart shows another bullish attempt getting rejected at the resistance line
• Daily chart shows price falling from a bearish engulfing pattern. Price has also closed below 200 Day SMA.
• Levels which Google bears need to break are 38.2% Fib level, 50 Day SMA and 544 on closing basis. Below these levels bigger correction is possible.
• CRUDE OIL WEEKEND UPDATE

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CRUDE Oil weekend update

• Crude oil up move got resisted at 100 Day SMA.
• For crude oil bulls price needed to stay above the daily cloud instead price falls back and closed below the cloud.
• As the second chart shows price is still inside the daily range. For bigger moves in crude oil this range must be resolved.

NIFTY Weekend update

• Nifty is near its 200 Day SMA
• Daily chart shows Oversold RSI. This set up needs help from 200 SMA. If 200 SMA holds bulls may get a reversal.
• But weekly chart is looking good for bears. As the weekly candle has closed well below 20 Week SMA after a long GAP. 
• I have shown RSI as oversold. If this is going to be a trending market. The oversold indicator will remain oversold and prices may keep falling. So 200 SMA is crucial for longs.

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