- USO Weekly Daily charts at crucial resistance levels 34.47 - 34.86. Only a convincing close above these levels could give a bigger up move in USO.
- Last chart shows price getting support at 50 Day SMA. Weakness in daily time frame only if price starts to close below 50 Day SMA(33.23).
- CNX Pharma has given a bearish weekly candle
- Weekly RSI is showing negative divergence.
- Price has to further confirm weakness by closing below 5 Week High EMA to extend the fall.
- First chart shows price nearing its immediate resistance level at 14.3
- Second chart shows price above 50% Fib level in weekly chart. Sustaining above this crucial fib level may lead to a bigger up move. Price falling below this may give a Bearish Double top pattern.
- Last chart shows a weekly bullish inverted head and shoulders pattern.
- APPLE WEEKEND UPDATE
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- Pfizer monthly chart shows a bearish shooting star candle.
- Week and Daily charts are approaching crucial support levels like 20 Week SMA and 100 Day SMA. For the bearish Monthly candle to be effective these levels has to break.
- Bullish MACD Cross of Weekly chart is not getting support from price. Price failed to close convincingly above 20 Week SMA.
- Weekly candle managed to stay above 5 Week High EMA But the candle itself is showing lost momentum of the past two weeks.
- Daily chart shows price struggling at 100 Day SMA. A fall towards 50 Day SMA may trigger a larger fall in Apple.
- Only hope here for apple bulls is the bullish looking Weekly MACD which needs price support in the coming week.
- 5 Minutes chart of crude oil shows an inverted head and shoulders reversal.
- Daily time frame is nearing the crucial resistance line which has been acting as stiff resistance level for many weeks now.
- 4 Hour chart shows Ichimoku cloud stopping bigger corrections from happening.
- SPY one hour chart continues to move up in a bullish channel.
- 15 Minutes chart shows price contraction in a descending triangle pattern.
- 30 Minute cloud may act as support.
