ES Head and Shoulders

• ES 4 Hour chart shows a possible head and shoulders pattern which needs price to sustain below the shaded area and 100 period SMA for doing well.
• One hour chart shows price getting resisted at 38.2% Fib level and Crucial moving averages like 50 and 200 period SMA.
• 1686 level or the Neck line of the pattern may also act as support to invalidate the bearish pattern.
• CRUDE Oil trend update

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