SILVER Channel

• Silver testing channel support line.
• Price unable to cross 50 Day SMA will favor bears of Silver.
• Having resisted at 50 Day SMA price may do a channel breakdown to extend the current trend. 

CRUDE Oil channel and Bearish Cross

 

• Crude oil one hour chart falling in a bearish channel.
• Bearish cross shown earlier continues to do well.
• Weekly chart is moving towards a possible bearish setup if closes here or lower.
• Crude oil bulls need a channel breakout to negate the bearish setup.

AMAZON Chart analysis

• Fibonacci levels and 20 Day SMA in daily chart shows crucial support zone for AMAZON between 295 - 299
• Weekly chart looks overbought But needs price to fall and stay below 295 for a bigger correction to follow.
• Strength only on price trading above 309 levels.
• BIDU RESISTANCE LEVELS
• GOOGLE NEGATIVE DIVERGENCE

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NIFTY Support levels

 

• Daily chart testing 50 Day SMA and 38.2% Fib level.
• 100 and 200 Day SMA is at 5860 and 5852 respectively.
• So Nifty bulls must try to protect this level between 5850 - 5900 to avoid a bigger fall to happen

Baidu Resistance levels

• The falling resistance and Golden ratio shown in weekly chart may act as resistance for BIDU in the short term.
• GOOGLE NEGATIVE DIVERGENCE
• CATERPILLAR DEATH CROSS

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GOOGLE Negative Divergence

 

• Google daily has closed below 50 Day SMA.
• Chart shows Immediate support at 875. On closing below 875 price may target 100 Day SMA.
• Weekly chart shows big negative divergence Which should give a correction soon. Falling below 875 should lead to 850 levels and lower.
• So strength above 50 Day SMA and Weakness below 875 levels.

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CRUDE Oil chart analysis

• First chart shows crucial support level for crude oil at 104.
• Bearish cross in one hour chart will do well once price falls below 104 levels.
• Strength again on price crossing above 200 Hour SMA.

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