Gold support and resistance levels

• Gold Hour chart shows strong support from the cloud.
• Price movement likely to be negative for bulls in hourly chart because of the resistance line.
• Bigger correction will not be possible as long as price stays above hourly cloud.

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CRUDE Oil Chart update

• Crude oil 4 hour chart shows price violating the support line. Crude price is trying to move above this line.
• 30 Minutes chart shows price testing the cloud. Staying below the cloud will favour crude bears. Crude bulls need price to move back above the cloud.

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ES Analysis before opening bell

• One hour chart shows the 10 Point range.
• Last chart shows 38.2% and 50 Period SMA as crucial support levels in 4 Hour time frame.
• Second chart shows a possible contraction pattern in which price is likely to stay especially if price falls below 2280 levels. Bullish above 2294.

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NIFTY End of Day analysis

• Nifty 30 Minutes chart shows the bounce from the trend line.
• 50 Hour SMA too is acting as support for now.
• High of 8813 is crucial. Once this level gets crossed again Nifty will move towards 8900 plus levels.
• Bigger worry for bulls only if levels like 8715 and 8672 gets broken.

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ES Chart analysis after closing bell

• ES Falls to the range support zone around 2283 levels.
• One hour chart too shows 38.2%  and 100 Hour SMA as immediate support levels. These levels should be held by ES bulls to avoid bigger weakness.

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