- Copper support levels at 38.2% Fib level and 50 Day SMA.
- Break below 3.6838 may give a fall towards 50% Fib level
- Copper will face pressure at higher levels till it stays below 20 Day SMA.
- SPY WEEKEND UPDATE
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
February 20, 2012
COPPER Fibonacci levels
GOLD Support and Resistance lines
- Gold four hour chart with support and resistance lines.
- candle closing above the falling resistance line may take gold towards 1750.
- Breaking below the black support line will take gold towards 1710 and the support line.
- GOLD WEEKEND UPDATE
S&P 500 Futures Support and Resistance lines
- ES Four hour chart approaching resistance line
- Month chart too shows price near horizontal resistance line.
- Weakness only on price falling below the black lines shown in four hour chart.
- CRUDE OIL WEEKLY RESISTANCE
EURUSD Stuck in a range
- EURUSD Still stuck in a range between 50 Day SMA and 100 Day SMA.
- Daily candle closing outside this range will give good direction.
- SPY WEEKEND UPDATE
- GOLD WEEKEND UPDATE
CRUDE OIL at weekly resistance line
- Crude oil is testing the weekly resistance line.
- For the current candle its approximately between 105.90 - 106 level.
- Price is sustaining above golden ratio and the Inverted head and shoulders pattern so the bulls of crude oil need a resistance line breakout for extending this rally.
- GOLD WEEKEND UPDATE
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