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Friday, March 25, 2016

NYMEX & MCX CrudeOil Technical Analysis

Bursting Setup – NYMEX & MCX CrudeOil

Recently we witnessed a breakout in NYMEX CrudeOil which occurred after the formation of The Bursting Setup, a breakout technique developed by The Financial Doctors.

NYMEX CrudeOil - 240 Minutes

NYMEX CrudeOil gave this breakout of nearly 7 points after breaking the Upper Price Wall of 35.32 . 

Interestingly, The Bursting Setup gave a breakout in MCX CrudeOil.

MCX CrudeOil - 240 Minutes

MCX CrudeOil gave this breakout of nearly 350 points after breaking of Upper Price Wall of 2507. Price Pattern was acceptable. Volume Pattern was acceptable. Lets see how big the move turns out to be.

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