MCX Crude Oil Trend – Support and Resistance Levels

By | November 28, 2021 3:00 pm

Oil prices plunged about $10 a barrel or Rs 700 on Friday, their largest one-day drop since April 2020, as a new COVID-19 variant Omicron spooked investors and added to concerns that a supply surplus could swell in the first quarter.

Oil fell with global equities markets on fears the variant could dampen economic growth and fuel demand.

MCX Crude Oil Gann Angle Chart

Perfect Gann Price time Squaring on Crude as red vertical line is time where it made top.

MCX Crude Oil Astro Support and Resistace Line 

Crude broke MERCURY Astro line and saw waterfall decline.

MCX Crude Oil Crude Harmonic 

4828 is PRZ Zone

Crude Astro/Gann Trend Change Date

29 Nov  Important time cycle date.

Weekly Trend Change Level:5184

Weekly Resistance5257,5329,5403,5476

Weekly Support:5113,5041,4971,4900

Levels Mentioned are for Dec Future Crude Contract

2 thoughts on “MCX Crude Oil Trend – Support and Resistance Levels

  1. venkata ramanan ramanathan

    Sir, Why no analysis on natural gas this week. Your last week analysis was stunningly correct as usual.

    Reply

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