this support will work as todays major support for buyers. only valid for today
Crude oil sell based on Gann and Fibonacci Sell crude oil at 4640 Stop loss 4657 Target 4569
Crude oil buy based on fibonacci and GANN Buy at 4588 stop loss 4575 Target 4665
crude oil buy at 4420 Stop loss 4402 Target 4490
Buy crude oil 4077 Stop loss 4060 Target 4135
sell crude oil at 4119 stop loss 4145 Target 4066
sell crude oil at 4046 stop loss 4066 Target 3945
these are the expected swings
Buy crude oil at 3402 stop loss 3370 Target 3475
buy crude oil at 3350 stop loss 3330 target 3400
sell crude oil 3368 CMP 3355 Stop loss 3385 Target 3320
crude oil sell at 3235 Stop loss 3249 target 3206
sell crude oil at 3210 stop loss at 3225 target 3165
According to this chart, MCX crude oil is trying to climb upward. It has started upside rally from the beginning of May. Here, I have applied Volume, DMI, MA, and Fib Retracement to identify the next move. Moving average of 50 & 200 is throwing direct up signals by crossover. And here, ADX is less than 25 but +DI above the -DI. Hence, we have chances to see slow...
Sell crude oil at 3185 stop loss 3198 Target 3153
Short MCX Crude OIL near 3000 Target below 2940
Crude oil has history of huge movements in one direction. GMMA analysis shows the change in trend. Look for selling opportunity in rallies. Selling around 3000 level would be profitable. your humble trader Kiran