SILVER Resistance levels

 

 

• 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

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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

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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

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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