May 1, 2014

SILVER Support levels

FACEBOOK resistance levels update

  • Facebook moving back to the resistance zone discussed earlier.
  • Weakness at the resistance zone may give another selling opportunity.

ES Chart analysis

  • ES charts near resistance levels
  • One hour chart shows immediate support at 50 Hour SMA. Closing below this level may give a bigger fall.

CRUDE Oil testing support levels

  • Crude oil testing crucial support levels.
  • Sustaining below these levels bigger correction is possible.
  • Must get back above 200 Day SMA on daily closing basis to avoid bigger falls.

NIFTY Chart analysis

  • Nifty daily chart shows price bouncing from the support zone. Nifty bulls also had the lower bollinger band at this level.
  • Immediate resistance at 20 day sma.
  • Weekly chart shows the bearish candle leading price towards 5 Week Low EMA. Only a weekly close below this line will  extend weakness.