Commodity MCX / NCDEX tips, Crude oil tips, energy tips, FREE Stock, Commodity & Forex tips, mcx tips

Time to Pick MCX Crude Oil (INTRADAY)

free commodity crudeoil daily chart tips

free commodity crudeoil daily chart tips

According to the daily chart of MCX crude oil, it is further advance for short-term investors. The retracement level of 0.618 is a perfect entry-level.

In the previous update of crude oil, we have recommended buying many times.

As per RSI & MA, it seems bullish . We will see soon target 1 and target 2 price after a short reversal.

But if you want to see a clear trend, we’d see it in a 4 hours chart:

free commodity mcx crudeoil 4hrs chart & tips

According to the 4H chart of MCX crude oil, it’s sharply moving upward. It’s safe for intraday & short-term traders to take a position nearby the support trendline or 50 MA for the targets of 3600 – 3660 – 3700 – 3800.

But what if it breaks the support trendline? DMI is indicating collapse ahead. How much crude oil can come down after breaking out the support trendline? To read the full article on crude oil, subscribe now & get 50% OFF.

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Mr.Dev, has been in the forex and commodity markets since 1997. He’s one of the few non-biased investment advisors to have correctly called the current bull / bear market before it began and to have positioned his clients accordingly. As a result of his accurate forecasts on Indian commodity markets & currency, he is becoming increasingly more renowned. Mr.Dev has been quoted in many of the newspapers. He is a highly recommended technical analyst by many of the local financial newsletters and advisory services. He also is founder of commodity profit sharing service on Moneymunch.

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3 Comments

  1. I’m reading your articles for more than a year. I still remember you recommended to buy crude oil in March 2020 for 3260 – 3700 – 4000 levels. I have bought 10 lots and still holding them. Hats off to you sir

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