- Silver daily chart shows price testing 200 day SMA.
- Price is also testing daily cloud. Silver bulls need to close above the cloud and 50% Retrace level for a bigger move to happen.
- ES SUPPORT LEVELS
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
October 28, 2013
SILVER Resistance levels
EURUSD Channel and Golden ratio
- EURUSD Daily chart shows price hitting a possible channel resistance. Weekly chart shows price testing the golden ratio. Monthly chart is shown with the falling resistance line, Price yet to test this line. EURUSD may give a small correction here But it may resume the up move to hit the monthly falling resistance line which will be followed by a bigger fall.
- ES Chart update
ES Chart update
- Price may test the breakout from ascending triangle. Previous resistance zone of the ascending triangle also coincides with 38.2% Fib level and 50 Hour SMA. Bears need to close below this level for a bigger down move to happen. Correction limited to this zone may result in a bigger up move.
- DOW Jones Weekend update
- CRUDE OIL Weekend update
TCS Bullish Engulfing and Support levels
- TCS Daily chart shows price violating the up trend line but managed to close back above it.
- Price has given a bullish engulfing pattern close to 50 Day SMA. Bears of TCS need a close below 50 Day SMA, Bulls need to close above 2080 levels to confirm a bullish move.
- Weekly chart looks bearish with the Topish weekly candle which need a weekly close below 1995 for a breakdown to follow.
- DOW Jones Weekend update
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