Mtechtips MCX CRUDEOIL intraday trading analysis 31-12-2012

Mcx crude oil Jan future closed at 4996 flat. here we seen low near 4965 but crude oil prices still resilient but momentum slowly on bear side. below 4870 we will see sharp downside rally in crude oil price. on intraday chart 5070 is top now and next major move above this top only till side ways to downside rally is expected.





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