- Immediate resistance for Facebook is at the falling 50 Day SMA. If price is able to cross this line on closing basis then a test of 123 and the GAP is area is possible. This area may act as stiff resistance zone.
- Support is near 113 levels.
- Moving averages is showing a possibility of a Death cross.
- For bigger moves price must resolve the range between 113 and 123.
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CRUDE Oil chart update
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- 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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- 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 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 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 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 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
