CRUDE OIL Resistance levels

• Crude oil daily chart with resistance levels.
• Price has broken above the resistance line from 114 through 100 levels.
• Now the immediate resistance levels are 89.60 and 90.51. Daily candles closing above these levels may give an up move for crude oil.
• Getting resisted here will be negative for Crude Oil.

ES Near Range Top

• ES Hour chart is trading in a broad range.
• Price is near the top of the range.
• If the breakout does not come we may see a pull back towards 50 Period SMA or the cloud of Four hour time frame.
• S&P 500 ANALYSIS AFTER CLOSING BELL
  

NIFTY Near Range top

• Nifty is nearing the top of the range.
• Price is trading above 20 and 50 SMA in daily time frame which will favor bulls.
• Now for the current up move to continue 5169 has to be crossed on closing basis. Otherwise we may see correction from these levels.

RELIANCE Analysis

• Reliance has stopped falling at 20 SMA.
• But daily chart indicators are suggesting some more downside.
• Bulls need not worry as long as 20 and 50 SMA give support.
• 20 SMA @ 810
• 50 SMA @ 796
• Support line drawn in 2nd chart too is important for bulls to hold on.
• S&P 500 ANALYSIS AFTER CLOSING BELL
  

S&P 500 Analysis after closing bell

• Month of SPX is trying to stay above 20 month SMA. Bulls will be comfortable to stay above 1200.
• Weekly candle is fighting with the resistance level 1219 - 1230. Closing above this level may take SPX towards 1250 level.
• Today's Move was resisted  at 100 DAY SMA.
• It was also the top of Ichimoku cloud. So this area will act as a confluence of resistance. Closing above this level will add strength for this up move.