crude oiltrump, will try to stabiles the crude around 60-65. and as chart pattern their is a massive resistance up side and a small head and shoulder is formed. lets see where it goes.
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ICOMDEX & MCX CRUDEOIL – Bigger Picture AnalysisICOMDEX CRUDE OIL
Timeframe: Monthly
It is the ICOMDEX monthly timeframe chart where the price has started a new impulsive cycle from the low of 1270. The price has broken out 20 & 50 Exponential moving averages. RSI is snowing bullish momentum with a 56.97 level.
Wave formation and Fibonac
CRUDE OIL-Likely surge and a likely break outCRUDE OIL: Bullish pattern in crude oil ,likely rounding bottom pattern,Sharp reversal in RSI Stochastic indicates possibility FOR a break out towards 9500(MCX Crude).Crude holding above does not augur well for the market sentiments.
(View iir for educational purpose only)
MCXCRUDE Making a Giant Head and Shoulder Crude Can Show UpsideVERDICT MCXCRUDE MCX:MCXCRUDEX
Making a Giant Head and Shoulder
Crude Can Show Huge Upside
Caution For Stock Markets
Especially Who Import Crude Oil
Keep Watch
Only For Study Purpose
crude will going to hit maximum target in upcomming daysbecause of the inverted head and shoulder formed in daily time frame.so guys wait and watch
Crude MCX analysis with EWOm Namah Shivay
With Limited data, we are trying to have a View on Crude MCX.
Wave 1 data is not complete in lower time frames. Interesting is if we consider this as an impulse down, then V goes to minus 1800 level which may not be possible. So the structure looks a flat structure.
So the impulse
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Displays a symbol's price movements over previous years to identify recurring trends.