MCX CRUDE OIL trading tips , Crude oil bouncing back from its trend line support zone and has formed bullish candle formation close watch bulls will be favored as long as it holds above- 230315.

MCX CRUDE OIL

MCX CRUDE OIL moving in range bound zone, sharp movement expecting once it comes out.

MCX CRUDE OIL

Charts updated for - 23rd February 2015.

• MCX Crude Oil moving in a range bound zone, technical indicates sharp movement expecting once it comes out from its formation.
• Stock also finding 50 DMA resistance, bulls will be favored once it starts trading above 50 DMA. Close Watch.
• Suggested Reading - India's exposure to US govt securities touches $83 bn in December.

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).
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MCX CRUDE OIL Trading Tips Technical Analysis Chart Graph forecast ideas- CRUDE OIL coming down from trend line resistance, further weakness expecting once closes below 5526. (Updated on 24th September 2014, Wednesday).

MCX CRUDE OIL

• MCX CRUDE OIL is coming down from strong trend line resistance zone, will now find strong support around 5526, further weakness expecting once closes and stays below 5526.
• If moves down from current levels and closes below 5526 then Crude Oil will find next strong support around 5355 its 161.8% fibonacci retracement.
• Crude oil will favor bulls only if it closes above 5808 as shown above in mcx technical chart no3. If closes above 5808 then will next strong fibonacci retracement resistance around 5890 and 5980.

MCX CRUDE OIL Trading Tips Technical Analysis Chart Graph forecast- Crude facing strong trend line resistance at current levels, can see some further strength once closes above 5808. (Updated on 17th September 2014, Wednesday).

MCX CRUDE OIL

• As per previous report published, MCX CRUDE OIL showed sharp weakness after breaking its support zone @ 5933 and crude made a low around 5526. (Click here to see our previous report published on MCX CRUDE OIL).
• As shown in chart no1, Crude weakness after breaking it support of 5933.
• According to chart no2, MCX Crude is facing strong trend line resistance around 5808, technical chart indicates if Oil closes and stays above 5808 then further strength is expecting.
• Also See - MCX ZINC moving in a up channel formation, as long as trading in between bulls will be favored.
• As per chart no3, Crude is also facing 38.2% fibonacci retracement resistance around 5808, if closes above its resistance and stays above then will find next resistance around 5890 its 50% fibonacci retracement. Chat also indicates that from last couple of days volume are high with bullish candle this indicated bull are taking interest. Close Watch.
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• Intraday tips - If crude starts trading above 5808 during trading hours then intraday bulls action can be see. Close Watch.
• Click here to see all the trading reports (trading tips) published by us on MCX CRUDE OIL.
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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.
• Intraday close watch once crude oil starts trading below 5933, if stays below then intraday bears action is expecting
• Suggested reading - MCX COPPER is on the verge of bullish breakout.
• 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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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.
• You might like reading - MCX Natural Gas now trading in oversold zone.
• 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.