MENU

Published on 24/03/2022 10:41:43 AM | Source: Enrich Financial Solution Pvt Ltd

MCX Crude Oil technical chart has taken the formation of "Rising channel" pattern in daily time frame - Enrich Financial Solution

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel  https://t.me/InvestmentGuruIndia 

Download Telegram App before Joining the Channel

CRUDEOIL

Technical outlook

MCX Crude Oil technical chart has taken the formation of "Rising channel" pattern in daily time frame. While few sessions have been in sideway rallies with some corrections. The last one has traded higher and closed in green for the session. As per the technical aspects based on the current price action, the market is expected to continue on bullish trend, once the same break above the current key resistance level holding near 8790. The upside rally could be testing all the way up to 8880-8980 levels in the upcoming sessions. An alternative scenario indicates that if the market struggles to break the resistance level, then it might retest the same and revise the trend to bearish/sideways mode once again. Key support holds near 8450

To Read Complete Report & Disclaimer Click Here

 

Please refer disclaimer at https://enrichbroking.in/disclaimer
SEBI Registration number is INZ000078632

 

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer