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MCX crude oil technical analysis and commodity trading tips updated for 21st March 2016, Monday.


MCX CRUDE OIL - 1 BBL


MCX crude oil witnessed selling pressure from 161.8% fibonacci retracement resistance zone as shown above, as long as crude oil holds below 2745 bears will be favored and further weakness can be seen in coming days.

On down side crude oil will find support around 2620 its previous resistance zone, which will now act as a major support.

1 comment:

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    ReplyDelete

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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.