MTECHTIPS MCX JAN CRUDEOIL TRADING VIEW & LEVELS 18-12-2012
4650 and 4950 are important swing point for crude. Below 4650 ,4550 is very important zone. We expect a price to bounce up. 4780-4800 is the target for crude… if 4650 broken then 4550 is the target, the best zone to buy crude. For today crude if break 4745 it will be headed towards 4800. Else again 4650 is the level crude shall be heading. Crude is in process bottom formation.