MCX crude oil tips and forecast on crude oil updated for 07th December 2015, Monday

MCX CUDE OIL Daily Chart

MCX crude oil witnessing selling pressure from 50% fibonacci retracement resistance zone @ 2902, bears will be favored as long as it trades below.
On down side it will find support at its previous bottom @ 2636, once it closes and holds below 2636 then further weakness can be seen in coming days.

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MCX crude oil intraday hourly chart and trading forecast updated for 02nd December 2015, Wednesday.

MCX CRUDE OIL Intraday Hourly Chart

MCX Crude oil has closed below its golden ratio support zone, technical indicates further bears action can be seen in coming days as long as stock holds below 2780.

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Financial Advisor A leading Investment Advisory company, is known for its accurate recommendations on StockMutual Funds and bonds. We also provides Indian Stock market tips newsletter with daily point of view based on Technical analysis.