- Silver up trend safe above the up trend lines and Cloud of 4 hour chart
- Sideways consolidations continue to give upper breakouts.
- Right now Silver is in a range as shown in one hour time frame which is likely to give an upper breakout to continue the up move.
- CRUDE OIL CHART ANALYSIS
- Crude oil daily chart in a crucial range around the 200 Day SMA. Breakout or breakdown will take Crude oil away from 200 SMA and may give a trending move.
- For bears of crude oil must trade below 50 Day SMA for a bigger fall to happen.
- ES Daily chart getting support at the breakout level.
- 1 Hour chart shown with fibonacci level. Bears need to break 38.2% For a sell trade.
- For bulls sustaining above 50 Hour SMA should give a long trade.
- APPLE HOUR CHART ANALYSIS
- Crucial support for SBI at 1802. Closing below this level could take SBI towards 1761 and 1705 levels.
- Resistance levels are 1914 and 1936. Sustaining above these levels could take SBI above 2000 again.
- Oversold stochastic will favor bulls only if SBI trades above 5 Week High EMA(1936).
- APPLE Hour testing the cloud and 100 Hour SMA.
- Next support in hour chart near 655 - 657 levels.
- Sustaining below 100 Hour SMA may lead to 655 levels.
