MCX Crude Oil May Bearish Trend, Support At 6075s: Way2wealth
CommodityOnline | Aug 07, 2014 05:45AM ET
Currenlty oil prices are hovering near horizontal support of 5930 levels; flip below the same next support would be around 5845 levels.
MCX Aug Crude oil has resumed its privileged bearish trend by violating its rising trend-line support 6075 levels and managed to close well below the same. Currenlty oil prices are hovering near horizontal support of 5930 levels; flip below the same next support would be around 5845 levels. RSI & Heiken Ashi both are pointed in negative zone by supporting the view.
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