SILVER Chart Analysis

• For bears of Silver price has to sustain below 20 Week SMA and 32.44 Levels.
• Fibonacci levels in daily chart shows possible support levels.
• Cloud in four hour chart is acting as resistance.
• GOLD CHART ANALYSIS
  

IWM at Resistance levels

• IWM at resistance levels. 
• 83.30 levels is acting as stiff resistance.
• Hour chart shows price above 20 Hour SMA falling below this level will extend the correction.

GOLD Chart Analysis

DAILY CHART

• Gold weekly chart testing 50 Week SMA. 
• Price may find support here or at the channel support line.
• Daily chart also shows possible support at Golden Ratio.
• SILVER CHART ANALYSIS
  

S&P 500 Futures Trend update

ONE HOUR CHART

DAILY CHART

• ES Hour chart continue to trade above crucial moving averages. No weakness in hour chart as long as price stays above 20 Hour SMA.
• Daily chart continue to move up in the bullish part of the channel. 
• S&P 500 ANALYSIS AFTER CLOSING BELL
  

NIFTY Chart Analysis

• Daily has closed above 20  SMA. 
• Week should also move above 5 Week High EMA today. 
• Dip from 5629 started from just above the Ichimoku cloud as shown in weekly chart. Now if the week manage to close above the cloud again we could see bigger up moves. 
• Weekly candle closing above 5 Week High EMA should add strength for bulls.
• S&P 500 EOD UPDATE
  

S&P 500 Analysis after closing bell

• First chart shows price moving away from previous resistance levels.
• 2nd chart shows the weekly rising wedge which was broken last year. Price is now moving towards the broken 
• SPX May hit this line around 1420 levels approximately.

SILVER Hour chart Analysis

• Silver hour showing a bearish descending triangle pattern
• But bulls has an opportunity to move up if they manage to trade above the hourly cloud.
• Bears of silver will be stronger below 33.10 levels.