Mirae Asset Sharekhan

#CrudeOil – Bearish Trend Persists In today’s podcast, we discuss the current crude oil price movement, which shows a clear bearish trend characterized by lower highs and lower lows. The failure to surpass the resistance level at Rs 5437 (50 DEMA), reinforcing the ongoing bearish sentiment in the market. This resistance level is key, and its inability to be breached suggests that the downward trend is likely to continue. On the downside, the important support level at Rs 5149 is critical for price action. 👉Watch now to know more: https://youtu.be/Isa1YiTlNY0?si=a8Qz1tWSORea8efJSource - Mirae Asset Sharekhan Research Team Disclaimer - https://rb.gy/jqplkw#MiraeAssetSharekhan #CommodityMarket #CrudeOil #MiraeAssetSharekhan #CommodityMarket

#CrudeOil – Bearish Trend Persists In today’s podcast, we discuss the current crude oil price movement, which shows a clear bearish trend characterized by lower highs and lower lows. The failure to surpass the resistance level at Rs 5437 (50 DEMA), reinforcing the ongoing https://t.co/9Qi0ogq5o0 #CrudeOil

In today’s Commodity podcast, we have covered #CrudeOil MCX crude oil breached the ascending trendline on Thursday, closed above it and traded above the same on Friday too. It is trading above the 9-day Exponential Moving Average (EMA) and closed above the same for the second consecutive session. The momentum indicator RSI is rising and reading at 47.10, which indicates the short term trend is bullish. However it may find resistance at the 61.8% Fibonacci retracement. Source - Mirae Asset Sharekhan Research Team Disclaimer - https://rb.gy/jqplkw #MiraeAssetSharekhan #CommodityMarket #CrudeOil #MiraeAssetSharekhan #CommodityMarket

Today we have an update on #CrudeOil. The recent price movement signals a major shift in market sentiment. A breakout above the critical resistance level of Rs. 5,042 suggests a possible reversal from bearish to bullish in the short to medium term. 🔹 If the price sustains above Rs. 5,042, it could trigger further upside, with potential targets at Rs. 5,300 and Rs. 5,447. 🔹 The MACD indicator is expected to show a positive crossover, indicating bullish momentum and supporting the case for a continued price increase. Source - Mirae Asset Sharekhan Research Team Disclaimer - https://rb.gy/jqplkw#MiraeAssetSharekhan #CommodityMarket #CrudeOil #MiraeAssetSharekhan #CommodityMarket

Today we have an update on #CrudeOil. The recent price movement signals a major shift in market sentiment. A breakout above the critical resistance level of Rs. 5,042 suggests a possible reversal from bearish to bullish in the short to medium term. 🔹 If the price sustains https://t.co/VmUZUngB94 #CrudeOil

In today’s Commodity podcast we have covered #CrudeOil Crude oil price movement indicates a clear bearish trend, marked by formation of lower highs lower lows. The failure to surpass the resistance level at Rs 5435 (20 DEMA), reinforces the prevailing bearish sentiment in the market. This resistance level is crucial, its inability to be breached suggests that the downward trend may persist. Source - Mirae Asset Sharekhan Research Team Disclaimer - https://rb.gy/jqplkw#MiraeAssetSharekhan #CommodityMarket #CrudeOil #MiraeAssetSharekhan #CommodityMarket

In today’s Commodity podcast we have covered #CrudeOil Crude oil price movement indicates a clear bearish trend, marked by formation of lower highs lower lows. The failure to surpass the resistance level at Rs 5435 (20 DEMA), reinforces the prevailing bearish sentiment in the https://t.co/GFwfVBiv4Q #CrudeOil

In today’s Commodity podcast we have covered #CrudeOil Crude oil price movement highlights a bearish trend characterized by lower highs and lower lows. The failure to breach the upper resistance at the Rs 5570 level and the inability to break above this level suggest that the bearish trend may continue. The key support level breach below the level could lead to further decline. The anticipated negative crossover in the MACD supports the bearish momentum. Source - Mirae Asset Sharekhan Research Team Disclaimer - https://rb.gy/jqplkw#MiraeAssetSharekhan #CommodityMarket #CrudeOil #MiraeAssetSharekhan #CommodityMarket

In today’s Commodity podcast we have covered #CrudeOil Crude oil price movement highlights a bearish trend characterized by lower highs and lower lows. The failure to breach the upper resistance at the Rs 5570 level and the inability to break above this level suggest that the https://t.co/NH9XWToX1x #CrudeOil