- 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
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
January 2, 2014
CRUDE Oil testing crucial support levels
DLF Ascending Triangle and Resistance levels
- 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
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