MCX Crude Oil Bhav Copy/Historical data of 2016 for Reference

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.

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.

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
Jan '2016            MCX  Crude Oil   High   2566

Jan '2016           MCX   Crude oil  Low     1902
 
Feb'2016             MCX  Crude Oil   High   2396

Feb'2016            MCX  Crude Oil   Low    1805

Mar'2016             MCX  Crude Oil   High   2805

Mar'2016             MCX  Crude Oil   Low    2280

Apr'2016            MCX  Crude Oil   High     3115

Apr'2016            MCX  Crude Oil   Low      2355

May'2016           MCX  Crude Oil   High      3442

May'2016          MCX  Crude Oil   Low        2884