MCX Crude Down Move Update 2-July-2014

Dear Visitors,
Here comes the update on my analysis of Crude Down Move which was given on 26th, 29th June 2014.

26th June 2014
MCX
If 6472, 6499 restricts, we will see 6375, 6320, 6290 in crude.
Resistances: 6472, 6499.
http://freetradingcallss.blogspot.in/2014/06/crude-view-nymex-mcx-26-june-2014.html


29th June 2014
Down Move
If 6410 restricts, we may see 6350/6348, 6320-6310, 6295-6280, 6250...
But for this down move crude has to break 6350/6348/6333/6318. Now these are strong support for Crude.
Before any down move, if 6350/6360 supports, I would like to see 6380-6400. Let us check tomorrow.

http://freetradingcallss.blogspot.in/2014/06/mcx-crude-positional-view-29-june-2014.html

Present Chart:

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Down Move
If 6410 restricts, we may see 6350/6348, 6320-6310, 6295-6280, 6250...
But for this down move crude has to break 6350/6348/6333/6318. Now these are strong support for Crude.

Before any down move, if 6350/6360 supports, I would like to see 6380-6400. Let us check tomorrow. - See more at: http://freetradingcallss.blogspot.in/2014/06/mcx-crude-positional-view-29-june-2014.html#sthash.vVLLs8mx.dpuf