crude oil oct future intraday forecast 22 sep 2015

Mcx crude oil Oct expiry future today is trading at 3058 with almost 1 % drop. On daily chart, crude oil is trading above 20 and 50 EMA and heading towards 100 EMA level which is 3210.
For short term traders, 2930 is major support level and buying zone. While for intraday traders 3000 is buying level with strict stop loss. On upside expect targets of 3120 and then 3180 in short terms. Daily chart indicators as well as price pattern are strong bullish so strategy must remain buy on decline. Volumes are falling on decline suggesting bear fatigue.
Crude oil monthly pivot level is 3030 and prices are wandering around it suggesting strong hands buying every dips and holding prices.

The Author

Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.
COPYRIGHT © 2009-2018. Pramod Baviskar. Dalal street winners advisory and coaching services. FAQ | Disclaimer | Privacy Policy

This website is best viewed using Microsoft Internet Explorer 9 or higher, and/or latest version of Google Chrome and Mozila Firefox browsers.