The hundreds of years of financial markets data are the baseline of price movements and trend setting. The principle of technical analysis drive its way from the Past price movement data. In the days of Data science Historical data plays a vital role in determining in price movements in Market.
Generally Commodities are having seasonal characteristics and it influence by supply and demand,knowing price movements as predictor for Market Trend.Market price Action due to History repeats itself that is Future price is the repetition of past prices.
Technical Analysis is the forecasting of future financial price movements based on an examination of past price movements. Technical analysis can help investors anticipate what is "likely" to happen to prices over time. Technical analysis uses a wide variety of charts that show price over time.
So, knowing Past trading data s helpful tool for predicting Future price movement. Its applicable for MCX Crude oil Commodity Trading too. Historical High s and lows are the Support & Resistances for the Future.MCX Crude oil Bhav copy very useful for finding MCX crude oil Support and Resistances.
MCX Crude Oil
January '2014 MCX Crude Oil High 6199
January '2014 MCX Crude oil Low 5640
February'2014 MCX Crude Oil High 6437
February'2014 MCX Crude Oil Low 6048
March'2014 MCX Crude Oil High 6549
March'2014 MCX Crude Oil Low 5956
April'2014 MCX Crude Oil High 6339
April'2014 MCX Crude Oil Low 5933
May'2014 MCX Crude Oil High 6198
May'2014 MCX Crude Oil Low 5956
