ES Chart analysis before opening bell

• ES testing crucial support zone and moving average
• 4 Hour is trying to hold above 200 Period SMA.
• Price for now is bouncing from this line. Bears will gain further momentum if price closes below this zone.

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NIFTY Hour Trend update

• Nifty one hour with cloud shows a down swing in place.
• Last hour shows a possible inverted hammer which is bullish. But this move if it happens will be against the prevailing trend.
• Moving averages also suggesting a strong down move in place, at least till now.

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ES Chart analysis after closing bell

• Price falling towards last week low again. 4 Hour chart too shows 2563 as a crucial price pivot zone. Closing below this zone means a close below 20 Day SMA line in daily time frame. So its crucial for bulls to protect this zone.
• CRUDE Oil chart analysis

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