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As per the chart, MCX crude oil is under bearish pressure for a short period. It may fall for 2600 – 2400 – 2160 levels.
The long-term traders must keep their eyes peeled for a crossover into the S-RSI. The crude oil prices will fly into the sky. Be ready for 3200 – 3500 – 4000 levels.
Do you want to know about Silver?
Read the 3rd June report: MCX Silver Prices Go NEGATIVE! What’s Next?
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Important for reversal 176.5 & 171.5, the outcome was clear that we would get a smart move higher.
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