- ES Fib levels shows weakness at 78.6% Fib level.
- Daily chart is approaching crucial resistance zone.
- Weakness in hour chart only on closing below the Hourly cloud.
- SILVER Chart update
- GOLD Bearish price action
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
September 12, 2013
ES Chart update
GOLD Bearish price action
- Gold violates crucial rising support line in daily chart. 50 and 100 SMA too has been violated. Gold bears need a daily close below these moving averages to fall further. Closing below 38.2% Fib level will further weaken the bulls of Gold.
- SILVER Chart update
SILVER breaking support levels
- 4 Hour chart of silver has violated crucial support levels. Price is trending down below the Ichimoku cloud.
- Hope for silver bulls is in the 50 Day SMA. A daily close below 50 SMA will further strengthen silver bears.
- APPLE Support levels
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