MCX crude oil finding strong trend line resistance at its previous top @ 2965. Bulls action can only be seen once it closes and holds above its previous top.
If it fails to hold above its resistance zone then some correction can be seen in coming days.
Down side crude oil will find strong trend line support @ 2600 (as per today's graph).
MCX crude oil technical chart indicates that it is moving up from golden ratio support zone @ 2544, as long as it holds above bulls will be favored and further price rise can be seen in coming days.
Upper side it will find strong resistance at its previous top @ 2820.
Once it closes and holds above then further price rise can be seen.
MCX crude oil moving in a down channel in intraday hourly chart as long as crude oil moves in between its pattern trend looks weak.