CRUDE Oil support levels

 

• Crude oil daily chart shows price Bouncing from support confluence. Further weakness only if price closes below 200 Day SMA.

ES Chart update

• ES moving in a channel
• 30 Minutes and one hour time frames shows cloud and 50 Hour Moving average as crucial support levels.

NIFTY Chart analysis

• NIFTY Daily chart on closing basis shows price outside the range. But the actual range is yet to break. Bulls must stay above 6415 level for sustaining the momentum.
• Weekly charts are yet to show any weakness. weekly indicator is yet to reach overbought levels. Candles are yet to show weakness.
• RELIANCE COMMUNICATION FALLING WEDGE PATTERN

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