savvyor

savvyor

Crude oil failed to close above 200, 100 and 55 MA plus it also failed to cross previous high of 34.79 The only support is between 31.5-31.9 , Closing below 31.5 will fade the up run from 26.03 to 34.66

savvyor

I think when all top analyst fail to tell you the price movement we technicians have only one way to find whats next?? HISTORY, yes history it is Using Fibonacci from Lowest price of 1986 and Highest price of 1990 had told us very important historical price moves in OIL, So lets refer to it again 24.5-25.3 is demand zone and 32-33.9 is the supply zone, Oil must...

savvyor

Crude oil is almost bottomed out, now price of $43.5-46.5 became a very strong support and main area to watch for future price projection, Closing below these levels will might raise a doubt of further price slashing till $40 or below but in my view this is very unlikely. Stochastic is also indicating the reversal sign and behavior of indicator is very much...

savvyor

1218-1220 very amazing support, Gold might test support but until or unless its trading above mention trend line and levels there is too much potential of bounce back...

savvyor

84.45-84.75 this is the historic resistance area for DXY, Oscillator is showing exhaustion in upward trend Avoid long positions and wait for the breakage of 84.75 for further bull run , Short Positions are suggested with this resistance as stoploss..

savvyor

1.29750-1.29850 this range is now acting as a strong resistance.. RSI is also very close to resistive trendline and bulls are nearly exhausted... Possibility of breakout is very rare because of weak bullish spike which tried to trap buyers... Avoid long positions and Short positions are suggested on strength with stoplosses

savvyor

USDCHF is trading on its resistance .93650-.93700 will be give tough time to CHF Short Positions suggested

savvyor

Avoid buying let precious trade above 1236-1238 for long positions, Currently 1235-1237 is acting as a good resistance.. Short Positions are suggested here with stop losses, Long above 1238 else remain bearish...

savvyor

Currently price is trying to adjusting it self of 1.29350-1.29400, If it able to sustain on it then there will be a reversal else euro have only two level to defend for bull run, 1.29350 and 1.29240, trading below these level will strong bears.. Take long position here as price are bottoming out but do keep room for further downside with stoplosses..

savvyor

Breaking below 1248 was not a good sign for precious, still 1245 and 1251-1252 is major resistance for any confirm bull run, So until or unless precious wont close above 1251-1252 it will remain in bears control. Precious will face good support at 1228-1230, So one can take long positions there with stop losses, if this support acts then this point will be the...

savvyor

Breaking below long term support of 1273 brings gold into pressure, 1268-1270 is working as very resistance, so it will fall to 1254..trading below 1254 can bring more pressure.