My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
July 15, 2016
ES One hour shows weakness
- Trend line violation shows weakness in one hour time frame. Bears need price to sustain below one hour cloud for bigger correction to happen.
- SILVER SUPPORT AND RESISTANCE LEVELS
GOLD Chart update
- Gold 30 Minutes chart shows a strong down move in place. 1320 and 1310 are crucial levels for gold bulls to hold above. Bigger weakness if price starts to trade below 1310 levels.
- SILVER SUPPORT AND RESISTANCE LEVELS
Silver support and resistance levels
- Silver trying to stay above 4 hour cloud which will help silver bulls to extend this up move. Weakness only if price moves or closes below the cloud.
- Weekly chart is approaching stiff resistance zone. 21.50 - 70 levels are previous resistance zone in this time frame. Price likely to consolidate below this level. For a bigger move on silver price must close above this zone.
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