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
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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