MCX GOLD Forecast for 12-16 August 2024: Key Levels and Trading Strategy

By | August 11, 2024 12:16 pm

WTI crude trades near $76.5/bbl and is poised for a weekly gain due to rising geopolitical tensions and improved global market sentiment The US, Qatar and Egypt are calling for a new round of cease-fire talks to end the war in Gaza, while the region braces for an expected Iranian attack on Israel (Bloomberg)

MCX Crude Oil Gann Angle Chart


Crude broke the 1×2 Gann line as shown above, heading towards 6666-6826

MCX Crude Oil Supply Demand Zone

 

 

 MCX CRUDE OIL Supply Demand Chart : Demand in range of  6400-6422, Supply in range of 6650-6666

MCX Crude Oil Crude Harmonic 

 

 

 

Price is heading towards 6800-7000 till holding 6181.

Crude Astro/Gann Trend Change Date

10 July Important Gann/Astro Date for Trend Change

Weekly Trend Change Level:6430

Weekly Resistance :6509,6549,6610,6666

Weekly Support: 6351,6272,6225,6166

Levels Mentioned are for Aug Future Crude Contract

Category: Crude Gann Forecast

About Bramesh

Bramesh Bhandari has been actively trading the Indian Stock Markets since over 15+ Years. His primary strategies are his interpretations and applications of Gann And Astro Methodologies developed over the past decade.

Leave a Reply