CRUDE Oil Chart update

• Crude oil weekly resistance line is acting as support.
• 4 Hour chart shows price reversing from support zone towards 54.36 levels again. Last breakout did not sustain, another breakout above this zone may lead to higher levels.

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S&P 500 Futures Analysis Before Opening Bell

• ES bulls need to close above 2270 to gain more strength.
• Moving average and price levels show support between 2251 - 2256 levels. 

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Nifty 15 Minutes and 200 Day SMA

• Nifty 15 Minutes chart shows range breakout. 
• 15 Minutes cloud shows the trend intact. The cloud trade is now 300 points.
• Next hurdle for bulls is the 200 Day SMA.
• BANK NIFTY Chart analysis

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Bank Nifty Morning Update

• Bank nifty 50 Week SMA and 17800 level is crucial. Fib chart too shows the presence of 38.2% fib level near this zone.
• One hour chart shows support exactly at 17852. Hour closing below this may trigger a correction towards recent lows. So bulls need to hold above this level to avoid further bearishness.

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CRUDE Oil technical analysis

• Crude oil week testing the broken resistance. Crude bulls need this line to act as support. Weekly close below this line is negative for crude bulls.
• Daily chart shows price at 20 Day SMA. Closing below this line too is bearish for crude.
• 4 Hour time frame shows crucial price zone at 52.09. Further bearishness if price sustain below this zone.
• CRUDE Oil False breakout

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GOLD Chart update

• Gold weekly chart shows a possible up swing starting. Possible target of broken support 1200 if the up swing sustains.
• Up Swing will stay effective till price stay above 4 Hour cloud.
• Immediate resistance at 1167. If sustain above 1167 price may target 1180 levels next.

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ES Morning update

• Rising support resistance line shown in first chart is crucial. if bulls are able to sustain above this line then price may test 2269 and Higher levels.
• below 50 Period SMA bulls become weak and another fall towards 200 Period SMA is likely.

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