MCX Crude Oil Trading Weekly Analysis

By | April 2, 2023 9:29 pm

Our rude Oil weekly analysis is a comprehensive report that provides you with all the information you need to make informed trading decisions. The report covers a wide range of topics, including Gann Harmonic and Astro Analysis.

The MCX crude oil futures contract is a popular choice for Indian traders looking to trade crude oil. The contract is based on the prices of crude oil traded on the New York Mercantile Exchange (NYMEX), the global benchmark for crude oil prices. MCX crude oil futures are traded in Indian Rupees (INR) per barrel, with each contract representing 100 barrels of crude oil.

In the week of March 27 to April 2, 2023, MCX crude oil futures opened at INR 5727 per barrel and closed at INR 6199per barrel, a increase of 8%. The highest price reached during the week was INR 6218 per barrel, while the lowest price was INR 5710 per barrel.

MCX Crude Oil Gann Angle Chart

 

Crude price showed strong revesal heading towards 6444/6555

MCX Crude Oil Astro Support and Resistace Line 

Above 6200 Price can rally towards 6444/6555/6666 near mercury line of support.

MCX Crude Oil Crude Harmonic 

Crude can see move towards 6444/6555/6666 to complete SHARK pattern.

Crude Astro/Gann Trend Change Date

Major Trend Change date for INR is 03 April

Weekly Trend Change Level:6200

Weekly Resistance:6275,6323,6400,6481,6555

Weekly Support : 6123,6084,6000

Levels Mentioned are for April Future Crude Contract

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