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Wednesday, 3 August 2016

MTECHTIPS:-Crude Oil prices to move lower towards 2575 levels: Choice

MTECHTIPS:-Crude Oil prices to move lower towards 2575 levels: Choice

MCX Crude Oil prices continued to trade lower after retesting its horizontal trend line resistance on hourly time frame . On the other hand prices have been trading below its 50 HEMA on hourly chart . In Addition, COMEX Crude oil prices are trading in Lower Low Lower High formation 4 hour chart . Moreover, Momentum indicator RSI is trading below 30 on hourly chart.For now we expect prices to move lower towards 2575 levels in coming trading sessions.
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Posted by MTECHTIPS at 8/03/2016 07:38:00 am
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