CRUDE Oil chart update

• Crude oil 4 hour chart shows price pausing at the golden ratio.
• One hour chart shows price creating new lows. Bears will gain more strength below 43.01,
• TESLA CHART ANALYSIS

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GOLD Resistance level for the bullish attempt

• Gold bulls put up a falling wedge in Hourly pattern which was discussed yesterday. But the bullish attempt got stuck at 1318 level. 
• Gold bulls must sustain above this level for a bigger bounce to follow. Unable to move above this zone may result in bigger falls.
• TESLA CHART ANALYSIS

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GOLD Channel and hourly cloud and falling wedge

• Gold 4 hour chart shows price continues to fall down in channel
• Hourly cloud continues to keep price below it. gold bears will remain strong below the cloud.
• There is a falling wedge pattern which will favour only if price starts to trade above 1314 and 1318 levels.

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Crude oil chart update

• Crude oil 4 hour chart shows price falling from the Descending triangle pattern. Price could not hold above the rising trend line drawn in the same chart. Next possible target or support level if the fall continues is the 50% Retrace level drawn in Daily time frame.

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S&P 500 Futures analysis after closing bell

• 4 Hour chart shows price crawling back into the range. But the up move does not look strong.
• As far as price goes the crucial support level is between 2157 and 2164.  Daily chart also shows a rising support resistance line and 50 Day SMA as crucial support levels.

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GOLD Testing crucial support resistance zone

• 4 Hour chart shows price testing crucial support resistance zone.
• 1300 being a round number has its importance as well.
• Gold bulls trying to hold on to this level to avoid bigger correction.

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ES Chart update

• ES 4 Hour pausing above the recent support zone at 2164. This level must go to extend the current weakness.
• Daily chart shows a rising support resistance zone. This line must break for a bigger fall to happen.

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