Starting today MCX and USDINR updates will be posted in this Blog.
- 30 Minutes chart shows the swift fall of crude oil.
- Four hour chart shows price breaking key support levels
- 5260 level which was the 50% Fib level was a an important level. Now that this level is taken out this will act as strong resistance.
- Golden ratio is the next key level breaking below this level should take Crude oil towards 5100 levels. Taking support here means a retest of the 5260 levels again.