Sell MCX Crudeoil (Sep) @ 5010 SL 5180 TGT 4695 - Choice Broking
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* OQ Ona weekly time frame , MCX Crude Oil (Sep) future has given breakdown of Bullish Channel and again retest the lower band of the pattern, which indicates an immediate hurdle & bearish set-up in the counter.
* OQ Ona weekly time frame , MCX Crude Oil (Sep) future has given breakdown of Bullish Channel and again retest the lower band of the pattern, which indicates an immediate hurdle & bearish set-up in the counter.
* In addition, the indicator MACD also indicates the short position with negative crossover,
* ,the trend indicator Parabolic SARis also indicating a bearish trend. Furthermore, In NYMEX division Crude Oil (WTI) has strong resistance at $70.80.
* Based on the above technical structure, we suggest a bearish movement in MCX Crude Oil (Sep) towards the level of 4695 in the near future.
Sell MCX Crudeoil (Sep) @ 5010 SL 5180 TGT 4695
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