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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