MCX Crude(India) may nearing the end of the positional upward swing move since August 1 st week. The scales may be tilting in favour of the Bears as prices are trading near a resistance zone. Our proprietary swing trading tool is now indicating that prices have entered the sell zone and aggressive traders can consider start building short positions in anticipation of a downward swing. The chart is posted for educational purposes and is not a recommendation to buy or sell.
|MCX CRUDE-DOWNWARD SWING AHEAD?|