Crude Touch 4000,4100 & 4200 In MCX

CRUDE OIL TECHNICAL ANALYSIS – Crude oil prices are struggling to build higher after rising to a 2.5-year high, with negative RSI divergence now warning a turn lower may be ahead. A drop back below the 23.6% Fibonacci expansion at 59.83 exposes the 14.6% expansionat 58.30 anew. Alternatively, a daily close above the 38.2% Fib at 62.31 targets the 50% expansion at 64.32.

 

Avinash Lokhande

www.vinvestmentofindia.com