CRUDE Oil resistance zone

• Crude oil daily and 4 hour chart shows price moving into a resistance zone.
• Crude bulls need a daily close above the resistance zone for bigger up moves to follow.

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ES Analysis before opening bell

• ES Daily chart shows  a possible rising wedge. 
• Price testing the resistance line now. If the resistance line stops the up move here then pattern will stay intact.
• Weakness only if price falls back below 2299 levels.

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NIFTY Chart update

• Nifty one hour cloud continues to give support. Price moved above the cloud at 8050 and yet to close below it for this time frame.
• Staying above 8727 another breakout above 8821 level is possible. Bigger weakness only if price starts to trade below hourly cloud.