NIFTY Chart analysis

• Nifty hour has fallen below 50 Hour SMA. Price earlier showed weakness as it neared 200 Hour SMA.
• Its also another dip below 200 SMA. Now if the correction continue Bulls must hope for a double bottom formation around 7900 levels. 
• Crucial levels for the fall are 8000 and 7916.

APPLE Golden cross and Bearish Pattern

• Apple daily chart shows a Golden cross. 
• Price for now is stuck between 50 and 200 Day SMA.
• Daily and month chart shows bearish set up. This set up will get activated once and if Daily starts to trade below 200 Day SMA. For the Golden cross to work price must trade above 50 Day SMA.
• CRUDE OIL Weekly resistance line

CRUDE Oil at weekly resistance line

• Crude oil weekly chart testing crucial resistance line.
• Crude bulls need a weekly close above 52 levels to confirm  a breakout from a weekly bullish pattern. Price trying to stay above crucial moving averages. This set up too needs a further breakout from here for bigger up moves to follow.
• Crude bears need to see some weakness here at the resistance line to start a Down swing.
• GOLD Chart Analysis

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S&P 500 Futures analysis after closing bell

• ES daily chart is testing previous resistance zone between 2186 and 2191.
• 4 Hour chart is resting on 100 Period SMA. If this line holds a bounce is possible. Bounce towards 2200 levels again.
• ES bears must do more for a bigger breakdown to follow.
• GOLD Chart Analysis

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ES Support and resistance levels

• ES daily chart shows price moving towards previous resistance zone between 2186 - 2191.
• 4 Hour chart has broken below 50 period SMA. A bounce is possible if the above mentioned resistance zone acts as support.
• Swing High will be set for the short term in Daily time frame if 2186 - 2191 level gets broken.

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GOLD Chart analysis

• Spike below 1170 is not holding. Bulls trying to keep price above this level. 
• Immediate support and resistance 1163 and 1179. Bigger bounce if crosses 1179 levels towards 50 period SMA. Weakness resumes below 1163 levels.

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ES 4 Hour chart update

• ES 4 hour charts testing crucial support levels.
• If 50 period SMA and the previous resistance line which may act as support does not hold then Bears will start getting active.
• If price falls below this line then 2187 , 2184 and 2180 levels are possible. Bulls just need to protect this line to avoid a correction.
• CRUDE OIL rises from 200 SMA

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