Twitter Island Reversal and Resistance Lines

 

 

• Twitter daily shows an Island Reversal formation
• Weekly chart is breaking out of a Consolidation range. 
• Second chart shows a possible resistance line. If price does not loose momentum here 54 - 55 levels are possible for Twitter.

ES Testing Range resistance levels

 

• ES 4 Hour time frame shows price moving above resistance levels.
• 78.6% fib level is getting tested.
• ES Daily chart shows price continue to stay within the larger range.

CRUDE Oil Trend update

• Crude oil 4 Hour is looking good for Bulls.
• But Daily is nearing its crucial resistance zone. Daily cloud has acted as stiff resistance ever since price went below it at 103 levels. 
• Weekly chart is trying to form a bottom formation Current week candle must end near its highs for confirming a possible bottom formation.

S&P 500 Futures chart analysis

 

• ES 4 hour chart shows strong support zone
• Daily chart continues to hold above 200 Day SMA.
• Hour chart will gain momentum for bulls if price manages to stay above 200 Hour SMA.

GOLD Trend analysis

• Gold 4 chart shows price trying to move back into the descending triangle pattern.
• Daily chart shows Bulls trying to protect 200 Day SMA
• Weekly chart shows weakness at 100 Week SMA. More strength for gold only if price is able to move back above 100 Week SMA

SILVER Support and Resistance levels

 

• Silver Weekly chart shows previous support acting as resistance
• Silver daily chart has 200 SMA as resistance. Price unable to stay above 200 SMA.
• Crucial support for Silver bulls is the daily cloud. Bulls must sustain above the cloud to avoid bigger falls.

Triangles of RELIANCE INFRA

 

 

• Strength above 499
• Further weakness below 465 and 458.
• Closing outside the smaller triangle in daily chart may also give the next direction.
• Stock is moving in a bigger weekly triangle. within this Triangle price may move up towards the falling resistance line.