freestocktips

Identifying the Crude Oil Price Next Big Move

Long
MCX:CRUDEOIL1!   CRUDE OIL FUTURES
According to this chart, MCX crude oil is trying to climb upward. It has started upside rally from the beginning of May.

Here, I have applied Volume , DMI, MA, and Fib Retracement to identify the next move. Moving average of 50 & 200 is throwing direct up signals by crossover. And here, ADX is less than 25 but +DI above the -DI . Hence, we have chances to see slow movements.

Smart investors can buy for 3260 - 3300 - 3360 - 3400 levels.

In the previous trading session, it has created a Doji . It’s a direct sign of a reversal or trend continuation. But if it breaks the support line, the crude oil will fall to 88.6% (2982) - 78.6% (2735) of Fib retracement levels.
Trade active
Trade closed: target reached: Crude oil has touched the first three targets. More than 165+ points earned per lot