Mcxcrude
Identifying the Crude Oil Price Next Big MoveAccording 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.
USOIL Big Swing Play On CarsCrude has been consolidating in a small range for quite sometime now- Quite a bit for the beast that it is.
we had some shorter TF bursts but coiled back into the range.
Break outside this range ( rectangle 43.8-42 ) can lead to a big move to to target the potential areas marked. Watch out for a big play on crude.