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 . 

NYMEX CrudeOil Technical Analysis

Bursting Setup – NYMEX & MCX CrudeOil

After yesterday's breakout in NYMEX CrudeOil 120 Minutes, this is yet another live breakout example of MCX CrudeOil followed by the breakout in NYMEX CrudeOil. The breakout came into effect after the formation of The Bursting Setup, a breakout technique developed by The Financial Doctors.

This is the live example for MCX CrudeOil-

MCX CrudeOil - 15 Minutes

It broke the Lower Price Wall of 1924. Prices consolidated. Price Pattern was acceptable. Volume Pattern was acceptable. It has already given '30 points. Interestingly it is hovering over a Lower Price Wall of “$27.72” in NYMEX CrudeOil.

NYMEX CrudeOil Technical Analysis

Bursting Setup – NYMEX CrudeOil

This is a live breakout example of NYMEX CrudeOil followed by the breakout in MCX CrudeOil. The breakout came into effect after the formation of The Bursting Setup, a breakout technique developed by The Financial Doctors.

This is the live example for NYMEX CrudeOil-

NYMEX CrudeOil - 120 Minutes

It broke the Lower Price Wall of ‘$29.57’. Prices consolidated. Price Pattern was acceptable. Volume Pattern was acceptable. It already has given '$1.50' followed by some important support on the downside. Interesting to see where it takes CrudeOil from here on.

MCX CrudeOil Technical Analysis

Bursting Setup – MCX CrudeOil

This is a live breakout example of MCX CrudeOil. The breakout should come into effect after breaking the Lower Price Wall of The Bursting Setup, a breakout technique developed by The Financial Doctors.

This is the live example for MCX CrudeOil-

MCX CrudeOil - 60 Minutes

If it breaks the Lower Price Wall of 2107, it should come into breakout mode. Prices are consolidating. Price Pattern is acceptable. Volume Pattern is acceptable.

Also an important point to consider is, a Strong Support Area 2070 – 2090 is just under this level. So this area may act as a reverse point for MCX CrudeOil. Lets see what happens.

For Intraday & Positional Tutorial Calls and Detailed Technical Support, Ask The Financial Doctor.

MCX CrudeOil & Silver Technical Analysis

Bursting Setup - CrudeOil & Silver

Earlier this week we discussed about The Bursting Setup, a breakout technique developed by The Financial Doctors. And we promised to come up with some more trade examples in Real Markets.

This is a recent example for MCX CrudeOil -

MCX CrudeOil - 15 Minutes

MCX CrudeOil gave this breakout of nearly 100 points in Intraday after breaking the Upper Price Wall of 2242.

The Financial Doctors Technical Analysis: CrudeOil

CrudeOil: Make Or Break 

"This Month Decides The Fortune”

Should auld markets be forgot and never brought to mind? Should auld markets be forgot and auld lang sine?

Not on you life! Oil put in its second back-to-back losing years since the eighties but perhaps its time to remember what happened the year after that first loser! The last time oil put back to back losing years in in 1997 and 1998, the following year of 1999 gave a historic comeback and cemented a bottom in oil prices for a generation. After falling over 30% in 1997 and 1998, in 1999 the oil market rebounded almost 107%! And this year, crude oil is getting ready to party like its 1999.

CrudeOil (Weekly)