S&P 500 Futures chart update

• Daily close below 50 Day SMA will extend weakness into next week.
• Next support zone is at 2141 level. If 2141 does not hold then support in daily time frame is at 2119.

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ES Support levels and bearish targets

• Immediate support levels in daily chart.
• 50 Day SMA and the support resistance line drawn in second chart are crucial for es bulls to hold above.
• If these levels are not held the targets are 2154 and 2140 levels.
• Last chart shows possible bearish scenario

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GOLD support and resistance levels

• Gold weakness taking price towards 1335 Levels. gold bulls unable to move past 1360 resistance zone.
• Bigger weakness only if 1335 level is not held.

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Crude oil chart update

• Crude oil 4 Hour chart shows price testing previous resistance zone and 100 Period SMA. Staying above 46.60 may lead to a bigger up move. Unable to close above this level may trigger another fall towards 43 levels.

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CRUDE Oil chart update

• 4 Hour chart shows a range between 43 and 47. Second chart shows price contraction. Breaking out of this pattern may result in bigger move for crude oil and price may move out of this range.

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ES Broadening pattern update

• Price falling from the resistance line of the pattern.
• ES likely to test 2175 level. Bigger weakness only if this level is taken out.

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ES Broadening formation

• es 4 hour chart shows a broadening formation. Price for now is falling from the resistance line of the pattern. Immediate support at 2175. Bigger weakness if 2175 is not held.

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