MCX CRUDE Weekly Analysis 08 July – 12 July 2024

By | July 7, 2024 12:32 pm

WTI crude oil edged lower but still held near two month highs buoyed by early appearance of Hurricane Beryl coupled with sharp decline in US inventories

MCX Crude Oil Gann Angle Chart

Crude broke the 3×4 Gann line as shown above, heading towards 7200-7273

MCX Crude Oil Supply Demand Zone






MCX CRUDE OIL Supply Demand Chart : Demand in range of  6729-6777 , Supply in range of 7040-7077

MCX Crude Oil Crude Harmonic 




Price is heading towards 7273-7400 till holding 6800.

Crude Astro/Gann Trend Change Date

10 July Important Gann/Astro Date for Trend Change

Weekly Trend Change Level:7009

Weekly Resistance :7050,7092,7133,7175,7216

Weekly Support: 6967,6926,6885,6842,6800,6758

Levels Mentioned are for July Future Crude Contract

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