Mantraa Commodity Mantra commodity is an analyst group involved in technical analysis of all major commodities gold, silver, crude, copper, natural gas etc. Mantra commodity serving to clients from last 7 years & made a strong bond of trust with our dedication towards work.Our main functioning area is .Technical analysis on all major commodities available HERE. Or you can write us on mantracommodity@yahoo.com HaPpY TrAdInG.

Crude technical outlook. Where crude will move now ???

25 sec read

crude

 
 

Crude (20.03.2013) respected our analysis once again & reach to mention target area $94.80 almost. MCX price little shuffled in contract difference. Check out last reports , how we cached the falling knight both the side.

Now MCX Crude is trading around 5075 ($92.90) & as we can see on charts, now crude has been trapped in small range. The above chart explain area $95 as middle point while $98.20  & $91.40 working as resistance & support respectively. However this range is big enough for trading but direction identification is quite difficult.Candlestick pattern is turning negative while indicators are neutral.

Based on above studies, we will prefer to stay neutral & wait for a pin point to enter into trade.

Mantraa Commodity Mantra commodity is an analyst group involved in technical analysis of all major commodities gold, silver, crude, copper, natural gas etc. Mantra commodity serving to clients from last 7 years & made a strong bond of trust with our dedication towards work.Our main functioning area is .Technical analysis on all major commodities available HERE. Or you can write us on mantracommodity@yahoo.com HaPpY TrAdInG.

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2 Replies to “Crude technical outlook. Where crude will move now ???”

  1. The likeliness of crude going UP is high, as dollar will be under some pressure in the coming weeks.. The overall trend for crude is up..

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