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MCX CRUDE OIL trading tips, will favor bulls once closes above 5885.


MCX CRUDE OIL




  • MCX Crude Oil has formed double bottom formation in daily chart, chart indicates once Oil closes and stays above 5885 then will favor bulls.
  • Chart also indicates Crude facing 100 DMA resistance , will favor bulls once it closes above, as long as trades below bears will dominate.
  • Technical chart indicates recently crude  oil coming down from 50% fibonacci retracement resistance zone, once it closes and stays above 5885 then will next resistance around 5980 its 61.8% fibonacci retracement (golden ratio).
  • Trading tips.
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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

.