CRUDE Oil chart analysis

• Crude oil 4 hour chart resting on crucial moving average.
• second chart shows price at rising trend line.
• More weakness on closing below the moving average. Crude bulls must stay above the trend line and moving average to avoid a bigger down swing.

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ES One hour cloud update

• ES One hour chart shows another bounce from cloud base.
• One hour right now is at a crucial zone. Price may either reverse from here or it can test the high's again.

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NIFTY Chart Analysis

• NIFTY Daily and Week is testing the resistance line. Bears need the bearish engulfing in daily chart to take effect. Weekly chart is more crucial. A bearish bearish weekly candle here will strengthen bears.
• Bulls need to save the weekly candle to stop a down swing from happening.
• 10680 and 10660 are possible supports in Nifty. If these levels are broken on daily closing basis then bigger down swing may follow.

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