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MCX CRUDE OIL Trading Tips Technical Analysis Chart - Crude Oil facing strong support at current levels in hourly chart, Can see weakness if breaks its support. (Updated on 30th July 2014, Wednesday).


MCX CRUDE OIL





  • MCX CRUDE OIL is moving in a down channel in hourly chart, this indicates when crude oil comes out from it formation then sharp move is expecting, as shown above in chart no 1.
  • Hourly chart also indicates that crude is now trading around its golden ratio (61.8% fibonacci retracement) support zone, if crude fails to take support and starts trading below 6065 then intraday weakness is expecting in mcx crude oil.
  • If mcx crude falls then will find strong trend line support around 5968, 5933.
  • Daily chart also indicates crude oil is now trading below 20 days moving average as shown in chart no.4. Crude must stays below for further weakness. as long as stays below crude will favor bears.
  • Click here to see all the trading reports (tips) published by us on MCX CRUDE OIL (as per technical analysis point of view.




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Q. What is Intraday Tips / Inraday Trading / Delivery trading.

A. There are basically two types of trading on stock market--
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2- Intraday

Delivery trading is one in which shares are bought and can only be sold after they are delivered by the broker.that means that they cannot be sold the same day , and delivery takes two to three days after they are bought and then they are ready to be sold.

Intraday trading which takes place for that very particular day and there is no delivery..they can be bought and sold the same day...and are automatically sold at the end of the trading session if you have not sold it by yourself during the trading session. The person who suggest such types of forecast is called

Intraday Tips

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