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CRUDE OIL MCX Trading Tips Technical Analysis Chart - CRUDE OIL facing strong support at current levels, Further selling expecting once it closes below 5933. (Updated On 04th July 2014, Monday).


CRUDE OIL - MCX




  • As per previous report published on CRUDE OIL (CO), it has shown weakness once CO starts trading below 6065 and touched its trend line support around 5933. (Click here to see past report on CRUDE OIL).
  • Now daily chart indicates crude oil is facing strong support at current levels around 5933, to favor bulls CO must trades above its trend line support, But if crude oil closes below 5933 and stays below then further weakness is expecting as bears will get active in it.
  • Daily chart also indicates crude oil is now trading below 20 days moving average, as long as trades below it will favor bears.
  • If CO closes below 5933 and stays below (as shown in chart no.3).  then bears will take crude oil further down and as per technical charts crude oil will find next strong trend line and  fibonacci retracement support around 5650. Close Watch.
  • Click here to see all the trading reports (trading tips) published by us on MCX CRUDE OIL (as per technical analysis point of view).
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What is Intraday Tips ?

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

A. There are basically two types of trading on stock market--
1- Delivery
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

.