MCX Crude Oil Anticipated Happened

 MCX Crude 2 hour chart anticipated on 8th July 2023

MCX Crude Oil 2 hour chart happened on 4th August 2023


In my previous article dated 8th July 2023, I had mentioned that, "MCX Crude Oil prices can move higher near to 6800-6900 price range over short to medium term."

On 4th August prices made a high of 6875 levels which is in the range which had mentioned one month earlier. Prices have move up from 6069 to 6875 thereby giving a gain of more than 13% in one month- Anticipated Happened.

To view my previous article of Crude Oil, click on the below mentioned link

As per Wave theory, prices are moving in wave c where five wave are very clear. The current ongoing wave is the fifth wave of wave c and might terminate near to 7000 levels (Minimum) which is 38.2% of wave 0-3 added to 4.

The summation is MCX Crude can face resistance near from 7000 levels and can open another corrective wave with deeper retracement.

Join my Telegram Channel :

Join My Twitter handle :


Popular posts from this blog

Nifty in Ending Diagonal Pattern?

GOLD and Elliott Wave Counts

Gold Anticipated Happned