Category Archives: Crude Gann Forecast

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… Read More »

MCX CRUDE OIL Forecast for 26-30 August 2024: Key Levels and Trading Strategy

By | August 25, 2024 1:03 pm

Federal Reserve Chair Jerome Powell laid the groundwork Friday for interest rate cuts ahead, though he declined to provide exact indications on timing or extent. “The time has come for policy to adjust,” the central bank leader said in his much-awaited keynote address at the Fed’s annual retreat in Jackson Hole, Wyoming. “The direction of… Read More »

MCX CRUDE OIL Forecast for 19-23 August 2024: Key Levels and Trading Strategy

By | August 18, 2024 12:52 pm

WTI Crude steadied near $78/bbl as geopolitical tensions in the Middle East and easing US recession concerns counter soft Chinese demand and an unexpected increase in US oil stocks. MCX Crude Oil Gann Angle Chart Crude is facing resistance near 3×4 gann angle, Strong support at 6400 gann monthly trend change level , Holfing this… Read More »