iShares MSCI Emerging Market ETF (EEM): Going to rebound from the support?

iShares MSCI Emerging Market ETF (EEM) is currently testing the 200D SMA support and also the uptrend support line. This support also coincides with 61.8% Fibonacci Retracement Level. Will EEM rebound from the support?

eem-nov-20-2016

What is EEM?

The iShares MSCI Emerging Markets ETF seeks to track the investment results of an index composed of large- and mid-capitalization emerging market equities.

EEM Porfolio

eem-top-10

USO: Testing Critical Support

USO is currently testing a critical Resistance turned Support at about $10.30. This level is also the last defence of 38.2% Fibonacci Retracement Level. Breaking this support indicates the recent uptrend has over. USO is currently trading below 20D, 50D and 200D SMA.

USO July23-2016

See previous post on United States Oil Fund (USO) here.

Crude Oil Brent July24-2016 Crude Oil WTI July24-2016

iShares Silver ETF (SLV): In Retracement Mode

iShares Silver ETF (SLV) has been on very bullish mode for these two months after breaking out from the Inverted Head and Shoulders (trend reversal pattern) and retested the neckline (illustration in green). SLV is expected to retrace into consolidation mode after reaching the 161.8% Fibonacci Expansion Level. Currently SLV is just sitting above 20D SMA support. Next critical support is at $17.00 (in blue).SLV July23-2016

SLV is currently on bullish uptrend. By looking at the current trend and long term chart, can you spot any investment opportunity? Happy Hunting!

Original post from http://mystocksinvesting.com

SLV July23-2016 (long term)