- Crude oil daily chart shows weakness at resistance zone around 52 levels.
- Weekly candle price action is not looking good so far for crude bulls. bulls hoping this may change as week goes by. Crude bears on the other hand need a bearish weekly candle for bigger correction to follow.
- Hour shows crucial support around 50 levels. Bigger weakness if price starts to trade below 50 levels.
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- Nifty moving towards 200 Hour SMA.
- Second chart shows important levels in hourly time frame.
- 15 Minutes chart is trying to stay above the cloud.
- Bigger bullish moves only above 200 Hour SMA and 8250. Immediate resistance at 8176,
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