Crude oil signals
A good day for our Crude oil signals subscribers and Mcx tips subscribers. We asked them to sell oil to our subscribers. Crude oil collapsed from our sell points and our subscribers enjoyed the profit. Lets see what trading signal we gave to our subscribers.
Sell Crude oil at 52.95$ with stop loss of 53.60$ for target of 52.20$.
Nymex oil crashed and our subscribers exited at 52.20$. Our subscribers made nearly 70 pips profit in this trade. We made approx $700 profit per lot.
Sell Mcx crude oil at 3728 with stop loss of 3762 for target of 3680.
Mcx oil crashed and our subscribers exited at 3680. We made nearly 5000 INR profit in this trade.
Currently Nymex trading at 52.20$. Good support in this major commodity stands at 51.50$. Once market break and sustain below 51.50$. Then expect more pressure in crude oil price till 50.70$- 50$.
Resistance on chart stands at 53.10$. Once market break and sustain above 53.10$. Then expect good rise till 53.80$- 54.50$.
Mcx Resistance stands at 3731 and support stands at 3610.
Conclusion: Crude oil trend is weak for now. Avoid major buying and prefer sell on rise.
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