MCX CRUDE OIL Forecast for 19-23 August 2024: Key Levels and Trading Strategy – Bramesh’s Technical Analysis
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 can rally back till 6882
MCX Crude Oil Supply Demand Zone
MCX CRUDE OIL Supply Demand Chart : Demand in range of 6400-6422, Supply in range of 6700-6729
MCX Crude Oil Crude Harmonic
Price is heading towards 6800-7000 till holding 6400.
Crude Astro/Gann Trend Change Date
19 August Important Gann/Astro Date for Trend Change
Weekly Trend Change Level:6489
Weekly Resistance :6571,6653,6736
Weekly Support: 6407,6325,6243,6161
Levels Mentioned are for Sep Future Crude Contract
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