SILVER Chart update

 

• Silver daily chart is getting resisted at 50 Day SMA.
• Bigger upward momentum only on price staying above 50 Day SMA and the daily cloud.

CRUDE Oil chart update

• Crude oil 4 Hour chart shows price near golden ratio and previous support level.
• 30 Minutes cloud may act as immediate support level. Weakness on price trading below this level.

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EURUSD Chart update

• EURUSD Continues to respect the support levels discussed yesterday. 
• Bears need a daily close below 200 SMA to extend gains.

NIFTY Intraday update

• NIFTY 15 Minutes chart shows price in a range. 
• Price yet to give any significant retrace yet as shown in chart 2. 23.6% and the GAP may act as immediate support levels

NIFTY Chart update

• Weekly chart continues to be strong
• Daily candle with long shadow is giving some hope for bears. But this setup needs confirmation with a bearish candle closing into the GAP shown in last chart.

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SPY Analysis after closing bell

• Daily chart shows a pause for SPY Bulls at the upper bollinger band. Weakness only if price starts to close back below 188 levels.
• Price needs to clear the contraction patter shown in chart 2 for bigger direction to be seen.
• EURUSD AT 200 DAY SMA

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