Tag Archives: HNI Crude OIl Tips Provider

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hni mcx crude oil tips

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As per MCX www.crudeoperator.com intraday research Mumbai base company report for : mcx crude oil prices traded in sideways zone after marching upwards in last couple of months. The range has
become thin as volatility was choked after decent advance and prices are unable to cross above upside
hurdle zone near Rs.3670-3710/bbl levels. Furthermore, prices are hovering within Bollinger band,
which shows ongoing tussle between demand and supply, but not leading to any conclusion. For the
momentum, prices need to break lower support band of Rs.3470/bbl levels which could attract selling
and drag the prices lower towards Rs.3300-3270/bbl levels. On the contrary, a breakout above
Rs.3710/bbl levels could trigger the momentum towards upside and find next resting zone at Rs.3950/
bbl mark. As a strategy, trade within the given range and watch for breakout to get the directional
move


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