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 tehcnical outlook for 13 March 2013

25 sec read

crude_oildaily

 
Crude (13.03.2013) respected our analysis checkout our post on Crude & reach to $93 area.However mcx crude moved less due to INR factor. Hope you all printed money.

Now mcx crude is trading around 5040 ($92.90) & as we can see on charts crude is facing a minor resistance around $93 which also represent the 38.2% feb correction level if last descending wave. As a minor support we may witness some profit at current level but at the same time candlestick pattern & indicators not showing any sign of reversal or trend change.

Based on above studies, we will prefer to buy crude for possible targets around 5130-5140 ($94.80) area.Only a day close below 4850 ($89.10) will reject the possibility.

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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