S&P 500 Triangle Cloud resistance and Levels

• ES 4 hour in a triangle pattern.
• Price continues to stay below the cloud in 4 hour time frame which will keep bears interested. But bears need price to close below 2354 for bigger down moves to follow. Close above 2376 may take price back towards the recent high's
• CRUDE OIL SUPPORT LEVELS

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CRUDE Oil support levels.

• If weakness persists Price likely to test the support line and 100 week SMA. These 2 levels are around 46 levels. If holds a bounce is likely from 46 levels. 

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Gold Reversal attempt and Resistance levels

 

• Gold one hour chart shows price trying to stay above hourly cloud. 
• Fib levels shows price pausing at 23.6% Fib level.
• If fib level shown above is crossed then the broken support resistance zone shown in chart 2 is possible. A bigger reversal may not be possible till price stay below the resistance zone shown in chart 2.

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CRUDE Oil support levels

• Crude oil weekly chart testing possible support line drawn from 26 levels through 42.
• Fib levels shows price getting resisted at 78.6% Fib level, But the correction towards 61.8% Took many weeks to happen. 
• Now if the Golden ratio does not act as support price may fall towards 100 Week SMA and a support line drawn in the same chart.
• GOLD Trend and Channel

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ES Support and Resistance levels

• ES staying below 4 hour cloud will favour bears on up moves or bounces.
• One hour cloud is acting as immediate resistance. Bears may loose momentum if price starts to stay above Hourly cloud.
• Last chart shows possible support levels if price starts to fall further.
• GOLD Trend and Channel

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GOLD Trend and channel update

• Gold 1 Hour trending below the cloud. Staying below the cloud Gold bears likely to see 1200 and 1190 levels.
• 4 Hour chart shows a bearish channel in place. If the channel stays intact, Price likely to target 1187 levels.
• Warning of a reversal if price moves above 1 Hour cloud.

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ES Analysis after closing bell

• 4 Hour time frame shows price Falling from the Shooting Star. Price testing 100 Period SMA, A crucial support line for Bulls to hold above.
• Weekly chart shows negative price action This was preceded by a Weekly candle with long upper shadow. But its early days to talk about the week, Bears need a weekly close at the current levels or lower to confirm bigger weakness.
• Day is near 20 Day SMA. This line has acted as strong support recently.

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