May 16, 2014

SILVER Resistance levels update

  • Silver Daily chart shows weakness near confluence of resistance level. 

EURUSD Chart update

  • EURUSD Bulls trying to form a bottom above the Support levels discussed in an earlier post.

ES Chart analysis

  • ES 4 Hour chart testing crucial horizontal support zone.
  • Price has fallen below the cloud and the rising support line.
  • Daily chart shows price extending weakness and Testing the crucial 38.2% Fib level.