April 8, 2015

SILVER Chart update

  • Silver weekly chart shows weakness at a falling resistance line
  • Daily chart got resisted at 200 SMA
  • More falls if price sustains below 50 day SMA.

CRUDE Oil chart update

  • Crude oil daily chart is showing weakness.
  • IHNS Breakout attempt is looking weak so far. Price need to move up soon to avoid a false breakout.

ES in Ranges

  • ES one hour and 4 Hour charts are moving sideways in a range.
  • For now price is at the resistance zone of One hour time frame.

EURUSD Trend update

  • Price continues to trend down below 50 day SMA and the Daily cloud.
  • Mild strength above 1.10 level. Weakness below 1.07 levels. Possibility of new lows if pair falls below 1.07 levels.
  • For a trend change daily needs to move above the cloud.