- Crude oil daily chart shows price testing crucial support zone between 95.36 - 96.26
- Daily chart shows price testing 50 Day SMA. Breaking this line on closing basis will do more damage for Crude oil bulls.
- Last chart shows price testing 50% Fib level and near Golden ratio.
- EURUSD Bearish Price ACtion
January 2, 2014
- DLF Weekly chart shows a big Ascending triangle formation. But the resistance levels of the Ascending triangle between 173 - 175 has acted as strong support in the past as shown in chart 2. So bulls need a strong breakout and and weekly close above 175 levels to confirm breakout.
- For now though a Down Swing is happening in daily chart which may last till the up trend line. If the rising support line is held another test of 173 - 175 levels is likely to happen
- BHARTI AIRTEL Chart Analysis