CRUDE Oil chart update

• Crude oil breaking crucial support levels.
• Next support levels are 78.6% Fib level and 83.60. Falling below these levels could lead to a bigger fall in crude oil
• GOLD CHART ANALYSIS

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Bank of America Triangle Pattern

• BAC Daily chart shows a triangle pattern.
• One hour chart shows support at 200 Hour SMA. Daily close above 9.60 should confirm a breakout. Bears need a close below 200 Hour SMA.

SILVER Falling towards 200 SMA

 

• Silver one hour chart shows a bearish cross with 200 and 50 Hour SMA. Price sustaining below 50 Hour SMA will continue to favor silver bears.
• Daily chart shows price falling towards 200 SMA.
• Weekly chart shows price breaking below 23.6% Fib level. Price sustaining below 23.6% Fib level will also favor silver bears towards 200 Day SMA.  
• GOLD CHART ANALYSIS

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GOLD Chart analysis

 

 

• GOLD Weekly chart shows price nearing weekly cloud.
• Daily chart Nearing 100 Day SMA and Crucial fibonacci levels which may give a bounce for gold.

ES Chart Analysis

 

• ES Daily chart trying to hold on to its 100 Day SMA.
• Hour chart below hourly cloud and 50 Hour SMA Will continue to favor bears.
• For bigger down falls daily chart must break and close below 100 Day SMA.
• S&P 500 ANALYSIS AFTER CLOSE

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S&P 500 Analysis after closing bell

• Weekly chart shows next crucial support near 1397 levels and the rising support line of week chart.
• Daily chart shows price moving towards 100 Day SMA.
• Up Trend line and horizontal support zone has clearly broken. Sustaining below these levels should give 100 SMA For bears.
• 15 Minutes chart shows price getting weaker as it nears the cloud.
• QQQ TESTING 200 SMA

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