ES One hour chart update

• Bulls for now successful in staying above 200 SMA.
• Immediate resistance is the hourly cloud.
• Staying above both these levels will favour ES Bulls.
• Hope for bears only if 200 Hour SMA breaks. 

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CRUDE Oil support and resistance levels

• Crude oil weekly resistance line is looking good for now. Weekly close at the current levels or lower will strengthen crude bears further.
• Bulls can see support around 54 levels and the rising support trend line shown in daily time frame. If this area does not hold a bigger breakdown is possible.
• Hourly cloud may be kept as stop loss for short trade.

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