- Silver week chart shows a triangle contraction.
- 4 Hour is in a range between 16.13 to 16.90 levels. Lower break from this range is not likely to give big price action because of the presence of triangle support line. Upper breakout may take price towards the resistance line of the triangle.
- Gold month chart has a bullish Ascending triangle pattern. Mostly a bullish pattern.
- Week and daily time frame shows Immediate support between 1300 - 1306 zone. Weakness if price starts to stay below this zone.
- CRUDE Oil weekend update
- Crude oil is stuck in a range between 60 and 66. But most importantly price is just holding below the crucial moving average(200 sma Month).
- Weakness for next week if price stays below 64 levels.
- 200 SMA line in month is crucial for now. Most of the recent hits at this line has resulted in big swings as shown in last chart.
- One hour shows a bounce But 4 Hour time frame shows its still in contraction. Bulls must do more and stay above 2660 and 2680 levels to confirm strength.
- ES Hour is showing a sell But Most important chart the daily time frame is still holding in favour of bulls. Unless price break below 200 SMA bears has no hope to extend correction.
- Apple bulls trying to show strength near 200 Day SMA.
- Price also staying above crucial retrace levels.
- Bigger weakness for the stock only on daily close below 200 SMA.
- Price for now is in a safe buy trade zone with stop loss below 200 SMA. On the contrary bears will be active below 164 levels for a target of 150 levels at least.
- ES bulls holding on to 200 SMA
- Bulls trying hard to hold above 200 SMA. Price not showing any strength for bulls.
- Price staying below hourly cloud is advantage bears for now.
- Having said that if bears are unable to break below 200 SMA Then another bounce is possible.
