CRUDE OIL Chart analysis

• Crude Oil has given a breakout from a triangle like consolidation  pattern.
• Resistance for Crude oil is at 104.50 level.
• Price sustaining above 101.40 can take it to 104.50 level.

ES Moving down in a channel

• ES  Hour chart is moving down in a channel formation.
• Price is getting resisted at 50 Hour moving average.
• Up move will face resistance around 1322 level.
• Fall was arrested near 1302 area. This level will act as short term support.
• S&P 500 ANALYSIS AFTER CLOSING BELL
  

Nifty Daily Analysis

• Nifty is forming a consolidation pattern in daily chart. 
• Staying above 5343 - 5348 on closing basis will favor bulls. Closing below this level will favor bears.
• Chart is showing a bearish cross and 20 DMA acts as good resistance on a down trend. So for an up move to happen bulls should try to go above 20 DMA.
• 78.6% is an important support level on a correction.
• S&P 500 ANALYSIS AFTER CLOSING BELL
  

S&P 500 Analysis after closing bell

• SPX 15 Minutes chart is forming a range and if it breaks on the upside it may trigger a rally because price is near the support line of the channel in hour chart.
• 2nd chart is the hour time frame which shows price hitting the support line and it may give an up move if this line is held.
• Day shows price yet to break the cloud and is near 50 DMA. If price moves above 50 DMA by not breaking the cloud Bulls may get a bounce in their favor.
• For bears its simple they have to violate the support line of the channel shown in hour chart to create more panic for bulls.