CRUDE Oil previous resistance as support

• Daily chart shows previous resistance level acting as support which was the scenario discussed earlier. Now that the first touch at this level has given a bounce if tested again its unlikely to hold.
• 4 Hour chart shows crucial support levels.

AMAZON Chart analysis

 

• AMAZON Daily chart shows weakness at 100 Day SMA. Candlesticks shows a bearish engulfing pattern.
• Price trying to move above the daily cloud. Bulls unable to close above the cloud for now.
• Price is stuck between 50 and 200 Day SMA. A bigger direction only when these moving averages gets broken again on closing basis.
• Immediate range is between 323 and 340. Violating these numbers may increase volatility for Amazon.
• GOLD VIOLATES RESISTANCE LEVELS

EURUSD Nears DEATH Cross

 

• EURUSD 4 Hour chart shows price falling back into the cloud. Recent attempt to stay above the cloud of this time frame too has failed.
• Daily chart shows weakness as pair nears 50 and 200 Day SMA. Pair also nears a death cross in daily time frame as 50 SMA is about to cross below the 200 Day SMA.
• Performance of Death cross will be decided by the weekly up trend line. If this line goes the death cross will look good. 
• GOLD VIOLATES RESISTANCE LEVELS

-->