MCX CRUDE Forecast for 09-13 September 2024: Key Levels and Trading Strategy

By | September 8, 2024 9:16 am

The Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+) appear to have lost their pricing power, becoming price takers rather than setters. A perfect storm is brewing in the oil market , with weak demand, surging inventory, rising NGLs and biofuel output and rising non OPEC production. Add to that, today’s post NFP dollar strength.

MCX Crude Oil Gann Angle Chart


Crude is seen a breakdown and price is heading towards 1×5 gann angle, price need to go above 5840 for reversal to come.

MCX Crude Oil Supply Demand Zone

 

 

 

 MCX CRUDE OIL Supply Demand Chart : Demand in range of  5826-5850, Supply in range of 5658-5625

MCX Crude Oil Crude Harmonic 

 

 

Price is heading towards 5444-5400 till holding below 5729.

Crude Astro/Gann Trend Change Date

09 September Important Gann/Astro Date for Trend Change

Weekly Trend Change Level:5709

Weekly Resistance :5786,5863,5941,6019

Weekly Support: 5631,5553,5475,5398

Levels Mentioned are for Sep 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.

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