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MTECHTIPS INTRADAY TRADING ANALYSIS
1 pages
Published by
Mtech Tips
MTECHTIPS
WWW.
MTECHTIPS.
COM
07489294118/119
MCX SEP CRUDE OIL MARKET RECOMMENDATION
Mcx crude oil sep future closed at 5379 on Saturday half trading session.
on
daily above weekly level which reflect strong bullish momentum and demand...
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MTECHTIPS
WWW.
MTECHTIPS.
COM
07489294118/119
MCX SEP CRUDE OIL MARKET RECOMMENDATION
Mcx crude oil sep future closed at 5379 on Saturday half trading session.
on
daily above weekly level which reflect strong bullish momentum and demand of
this commodity.
in next week crude oil prices may rally like silver as qe3
speculation is rising.
5340 is crude oil weekly average support below that month
average comes at 5280 and below that 3 month average of 5110.
mcx crude oil
indicators given bullish reversal sign!!for next week traders should watch
upside resistances of 5425-5550 and 5640 while on downside above averages will
act as supports.
weekly analysis:on weekly chart, crude oil prices closed with gains week on week basis.
on
weekly chart price look like consolidating after rally from 4800.
above 5500
will be next swing breakout for target of 5850 to 6160.
on weekly major level are 5050=6 month level, 4980=12 month level while 4600=24
months average.
TRADING VIEW:Short term trad
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