MTECHTIPS MCX CRUDEOIL INTRADAY trading analysis 30-06-2016
MTECHTIPS MCX CRUDEOIL INTRADAY trading analysis 30-06-2016
DAILY:- Mcx crude oil look like made bottom and now heading towards 3550 medium term target. For intraday 3290 is strong support zone. Oil prices fell in early trade on Thursday, with Brent. International Brent crude oil futures were trading at $50.10 per barrel.
WEEKLY :- Mcx crude oil weekly closing was flat but which is very bearish signal on weekly chart. On downside chart is showing support zones at 3115 and then 2870 while on upside 3280 and 3440 are strong resistance zones. In medium term view look like crude oil is topped out.
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