GOLD testing support zone

 

• GOLD 4 Hour chart testing crucial support zone.
• Gold bears need price to close below this zone for a bigger down move to happen. Below 1350 price may test 1320-1330 zone.

CRUDE Oil testing support levels

 

 

• Crude oil Daily chart testing 50 Day SMA.
• Second chart shows price testing the rising support line.
• Crude oil bears need a daily close below 23.6% Fib level for a possible fall towards 38.2% Fib level near 102 levels.

NIFTY Chart analysis

• Immediate resistance levels for Nifty at  recent swing High 5754 and the 200 Day SMA.
• Price is approaching crucial Fibonacci resistance levels like Golden ratio and 78.6% Fibonacci level.
• Weekly chart too looks good for an up move towards the Middle Bollinger band.

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S&P 500 Analysis after closing bell

• SPX Weekly chart shows price moving up from the rising support line
• Price has also managed to close back above 50 Day SMA.
• Earlier price took support near 50% retrace level and is nearing potential resistance at the broken 23.6% Fib level and previous support resistance area.
• IWM WEEKEND UPDATE

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