Saturday, January 07, 2012

Crudeoil MCX wave count, a bit different from the International Crude!

This is a graph of MCX Crude try and compare this with the on of International Crude, here. The MCX Crude chart and waves are a bit different. But we can be sure of the top being in place once we take out two important levels of 5247 and 4877. One caveat here though if we take out 5247 but fail to break 4877, we may have a remote chance of wave [5] extending, which is typical of commodities as rightly pointed out by Ranajay. Once below 4877 we may test 4500 levels on crude.



  1. I am eager to read about it on this blog in the future. Your copper tips is really helpful & profitable for every traders. Now I will be waiting for the next update of gold trading.

    Best Regards,
    gurleen singh


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