MCX CRUDE OIL Chart Analysis

• First chart is  MCX Crude oil may contract in four hour time frame. Price with Ichimoku cloud shows the power of a trending market. 
• Price if stays below 78.6% Fib level as shown in second chart then this fall will extend towards 4950 and lower.
• If daily candle manages to pullback and close above 78.6% Fib level Longs should be cautious.