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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.
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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

.