S&P 500 Moves out of the channel

• SPX moves out of the channel in hour chart.
• Price is above 50 Hour SMA. If sustains at these levels price may move towards 100 Hour SMA.

GOLD Hourly Support and Resistance levels

• Gold Hour chart should is moving in a bearish flag type of consolidation pattern.
• Close above resistance line may give good up move for Gold.
• 100 Hour SMA is acting as support. Decisive break below it may give a dip in gold prices.

CRUDE OIL Analysis

• Crude oil Fib levels shows price taking support at 38.2% and is moving up towards the broken 23.6% levels which may act as resistance.
• Moving averages shows a similar picture price was not able to sustain below 200 Day SMA and is moving towards the broken 50 Day SMA which may act as resistance.
• Candlesticks shows a possible Bullish engulfing pattern.
• So short term crude oil may move up. Bigger up move once price move above 50 Day SMA and 23.6% Fib level.

S&P 500 Futures resistance level

• Like yesterday Price is near the resistance line and 100 Hour SMA.
• Price continue to move down from these levels creating lower high's and lower lows. Now hope for bulls till price changes this trend and give a decisive breakout above short term moving averages.
• S&P 500 ANALYSIS AFTER CLOSING BELL

RELIANCE Futures Chart Analysis

CHART-II

CHART-I

• Hour chart is showing a contracting pattern from which price may give good direction.
• Crucial support in daily chart is at 715.
• Break below 715 is negative. Break above the hourly resistance line can give an up move. 

NIFTY Hour chart analysis

• Nifty continue to break the important low formed in the hour chart. Until this trend of Hourly lows getting broken changes its not possible for bulls to change the trend.
• 4555 is the current important low in hourly chart. If this gets tested another down move is possible.
• Price continue to stay below crucial moving averages. 
• 50 Hour moving average the resistance line and 4673 levels may act as resistance levels in case of an up move.

S&P 500 Analysis after closing bell

• Price is moving away from 50 Day SMA which is not good news for bulls
• Four hour chart shows price closing in on the supporting trend line of the triangle pattern.
• Fibonacci levels for daily chart shows price breaking 38.2% level. If price sustains at these levels It may move down towards 50% Fib line.
• Hour chart shown with a potential Golden ratio trade.