SILVER Trading in a Range

• Silver trading in a bullish rectangle. I say bullish because price is trading above the crucial support resistance zone near 19 levels which is shown in weekly time frame.
• So Weakness for Silver only if it starts to trade below 19 levels.
• CRUDE OIL HOUR CHART ANALYSIS

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CRUDE Oil trend update

• If price stays above the rising support line the up move should hit 44.50 levels at least.
• Weakness in hourly time frame if price break below the trend line. Bears will also be interested if price sustains below 42.50 levels.

ES 4 Hour chart Analysis

 

• 4 Hour trend line and 2170 levels are crucial for es bulls to sustain this up move.
• Weakness only if price starts to trade below 2170 levels. 

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Crude oil inverted head and shoulders update

• Crude oil 30 Minutes time frame has an up trend in place.
• Weekly chart shows a reversal after a hammer like candle. This bullish pattern will stay valid only if price stays above 39 levels.
• Short term strength will remain if price stays above 30 Minutes cloud.

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ES Chart analysis

• smaller time frames live 30 Minutes continues to show strength.
• 30 Minutes will favour bulls till price stay above the cloud.

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Nifty 5 minutes chart

• Nifty trading in a tight range after a trending day. Major trend yet to be challenged. Week and month chart continues to look strong.

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CRUDE Oil Weekend update

 

 

• Crude oil 4 hour chart shows price trying to form a bottom formation. More strength if price stays above 42.22 levels. Weakness if price falls below 41.06
• Daily trying to stay above 200 Day SMA. Further weakness in daily time frame only if price falls back below 200 SMA Again.
• Weekly Inverted head and shoulders depends on the Daily 200 SMA. If bulls hold above the right shoulder of this Big pattern is possible.

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