October 18, 2017

MTECHTIPS MCX CRUDEOIL intraday trading analysis 10-04-2015

Mcx Crude Oil Future On Last Trading Session Closed At 3215 With Gains. On Daily Chart, Crude Is Trading Above Its Pivot Point Level Of 3075. So Above It Outlook Will Remain Bullish For april Of March. On Upside 3350 And Then 3640 Are Strong Resistances As Well As Target Zones If Trend Persist. Technical Price Pattern As Well As Indicators Pattern Suggesting Bull Run For Oil Future In Short Terms. Below Pivot Level Of 3075, Crude Future Has Support At 2825 And Then 2580. These Will Be Strong Support Zones As Well As Target Levels On Reversal Of Trend.

 

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