MCX crude oil technical analysis chart intraday updated on 19th May 2015, Tuesday at 12:15 pm.


MCX crude oil technical analysis chart indicates that it has formed double top formation and it will show sharp movement when it comes out from its pattern.
Intraday technical chart also indicates that MCX crude oil coming down from golden ratio resistance zone, as long as it holds below bears will be favored and once it holds above golden ratio then intraday bulls action can be seen.
So far its technical indicator "MACD" is trading in negative zone this will favor bears. Close Watch.

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