- SILVER Weekly chart shows the current range of Silver between 23.6% and 38.2% Fibonacci level.
- Right now price is testing 23.6% Fib level. If this level is held an up move can be seen.
- 4 Hour charts show resistance at 50 period SMA and Ichimoku cloud. These levels has to break on the upside for a possible move towards 38.2% Fib level which is the range top. Breaking below 31.45 will extend the correction.
- DOW JONES WEEKEND UPDATE
- APPLE WEEKEND UPDATE
- S&P 500 WEEKEND UPDATE
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
October 30, 2012
SILVER Support and Resistance levels
CRUDE Oil chart analysis
- First chart, Daily time frame shows price below support zone of 86.90 - 87.60.
- Second chart shows price below crucial moving averages in daily time frame. Sustaining below these levels will extend the fall of crude oil.
- Third chart is the Weekly fibonacci levels. Price trying to hold above 23.6% Fib level. Unable to hold on to this level may result in a deeper fall in crude oil. Getting support here may result in a rise towards 89 levels.
- DOW JONES WEEKEND UPDATE
- S&P 500 WEEKEND UPDATE
- APPLE WEEKEND UPDATE
GOLD Trend update
- Gold four hour chart analysis. Price trending down below the cloud. For a possible up move price must sustain above 50 period SMA and 23.6% Fib level.
- For a bigger up move price must sustain above the cloud.
- IWM WEEKEND UPDATE
- S&P 500 WEEKEND UPDATE
- APPLE WEEKEND UPDATE
Dow Jones Chart analysis
- Dow Jones weekly chart with the rising wedge shows price nearing the rising support line.
- Second chart shows price closing the week below Middle bollinger band or 20 Week SMA. If sustains below this level price could move down towards 50 Week SMA.
- Daily chart shows price trying to hold above 38.2% Fib level. Below this level 200 Day SMA may act as support.
- APPLE WEEKEND UPDATE
- IWM WEEKEND UPDATE
- S&P 500 WEEKEND UPDATE
Subscribe to:
Posts (Atom)