- Crude oil 4 hour chart price contraction in a triangle pattern. Price is stuck between 200 and 20 day sma. Daily close above or below these lines may give good direction for Crude.
May 11, 2015
CRUDE Oil chart update
Silver triangle pattern
- Silver daily and weekly chart shows price contraction and may result in bigger moves soon. 200 Day SMA is the immediate resistance line in daily chart. Silver bulls need a close above this line for a breakout in their favour.
INFOSYS Chart analysis
- Infosys is testing crucial price pivot zone (1890-1930). This area has acted as both resistance and support earlier.
- Price in weekly chart is nearing the cloud which gave support for the earlier fall. But for a decent bounce to happen price need to stay above 200 SMA.
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