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

Will Crude Oil Hit 5400 Next Weekend?

free commodity crudeoil daily chart & tips

free commodity crudeoil daily chart & tips

Crude oil has started moving forward since May. And it will not stop here. It’s just a WXY correction.

According to Elliott’s wave theory, it has completed the sub-wave under the 4th wave. It’s consolidation time. Crude oil prices may fluctuate between the range of 4000 – 5400. Hence, long-term investors can keep buying crude oil.

So, what about short-term investors and intraday traders? If you look into 4 hours chart, it seems bullish from here. Crude oil is trying to break the resistance trendline. Whenever that the resistance trendline break, then we may see the prices at 5300 – 5400+.

Kindly note, if crude oil remains below to resistance trendline, then do not buy.

What happens if it does not break the resistance trendline? I will update my next MCX crude oil report.


Would you like to get our all commodity updates instantly? We have an option for you.
Click Here: Free Commodity Tips

Do you want to get Premium Calls only?
Click Here: Premium Commodity Tips

If you have any questions or concerns about Commodity Market then contact by following ways:
Email: [email protected]
Phone: +91 903 386 2706

Have you any question/feedback about this article? Please leave your queries in the comment box for answers.


Previous ArticleNext Article
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.

Click here to get premium commodity market tips / forex tips by Mr.Dev.

Subscribe to get daily FREE Commodity tips / Forex currency tips. Send email to Mr.Dev: [email protected] or you may call him on +91 903 386 2706.

4 Comments

Write a Comment

Comment Policy: We love comments and appreciate the time that readers spend to share ideas and give feedback. However, all comments are manually moderated and those deemed to be spam or solely promotional will be deleted. Your email address will not be published. Required fields are marked *

Send this to a friend