- Apple daily chart is moving towards a resistance line.
- Price yet to hit the upper resistance line. Weakness from the resistance line and breaking the rising support line may take price towards 110 levels.
- But the Larger time frame is looking bullish for now. If month sustains above 121 then another visit to 133 levels are possible in the Medium term.
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- Crude oil 4 hour shows a Triangle pattern and Price near the resistance line of the triangle.
- The current bounce started from the support line of the triangle
- Last chart shows price also testing 100 Period SMA. Last 2 attempts to move above this line has failed.
- GOLD Trend update
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- Intraday bears need price to stay below 50 Period SMA. Bigger weakness only if price stays below 8373. Below 8373 price may target the GAP between 8293 and 8322
- For Bulls need a Weekly close above 20 Week SMA or Middle bollinger band. Today being the last trading day of the week Bulls need a close above 8416 which is the 20 Week SMA.
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CRUDE OIL Support and Resistance levels
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- Crude oil 4 hour chart shows the crucial support line holding for another bounce in favour of crude bulls.
- Crude bulls need to do more as price is approaching the broken 200 Period SMA of 4 hour time frame. Unable to close above this line may resume the correction.
- GOLD Trend update
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