SILVER Descending triangle

• Silver testing crucial support level. price sustaining below golden ratio will extend the fall towards 78.6% fib level.

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CRUDE Oil near weekly support levels

 

• Crude oil weekly chart shows price nearing the rising support line and the Weekly cloud. If these levels are held a bigger bounce can happen in crude oil.
• IWM Channel and Negative Divergence

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IWM Bullish channel and Negative Divergence

• IWM Bullish channel shows price consolidation for the next upper breakout. This stair step up move is likely to continue.
• Weekly MACD Histogram and price shows good divergence, But this is of no use until price shows up some weakness. 
• Immediate weakness below 107.14, Bigger time frame can confirm weakness only on closing below 20 week SMA.
• CISCO Chart Analysis

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CISCO Chart analysis

• CISCO Testing the daily cloud.
• Price sustaining above 50 Day SMA. Next resistance at 100 Day SMA.
• Price testing 38.2% Fib level. Moving above this level will extend the up move towards 100 

FACEBOOK Chart analysis

 

• Weekly chart shows price trading below 23.6% Fib level. Daily chart too has fallen below the crucial 50 Day SMA.
• Immediate support seen in weekly chart at 45.26 level. If price starts to trade below 45.26 then a fall to 20 Week SMA is possible. Strength for FB Bulls only if price is able to trade above the level shown in the 3rd chart.
• SINA Corp Chart analysis

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RELIANCE Infrastructure chart analysis

• Reliance infrastructure shows weakness at the weekly resistance line and 100 Week SMA. Bears need a bearish weekly candle here to confirm weakness in higher time frames. Price sustaining below 434 levels on closing basis will strengthen bears of Reliance Infra.

SBI Chart analysis

• SBI Daily chart shows price approaching crucial support zone. Price need to stay above the rising support line and 50 Day SMA on closing basis to avoid a bigger fall.
• USDINR Weekend update

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