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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