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

MCX Crude Oil Bhav Copy/Historical data of 2015 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 '2015            MCX  Crude Oil   High   3438

Jan '2015            MCX   Crude oil  Low    2720
 
Feb'2015             MCX  Crude Oil   High   3340

Feb'2015             MCX  Crude Oil   Low    2870

Mar'2015             MCX  Crude Oil   High   3368

Mar'2015             MCX  Crude Oil   Low    2643

Apr'2015            MCX  Crude Oil   High     3805

Apr'2015            MCX  Crude Oil   Low      2952

May'2015           MCX  Crude Oil   High      3989

May'2015          MCX  Crude Oil   Low        3625

MCX Crude Oil Bhav Copy/Historical data of 2014 for Reference

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

MCX Crude Oil

General Characteristics:

• Crude oil is a mixture of hydrocarbons that exists in a liquid phase in natural underground reservoirs. Oil and gas account for about 60 per cent of the total world's primary energy consumption.
• Almost all industries including agriculture are dependent on oil in one way or other. Oil & lubricants, transportation, petrochemicals, pesticides and insecticides, paints, perfumes, etc. are largely and directly affected by the oil prices.
• The prices of crude are highly volatile. High oil prices lead to inflation that in turn increases input costs; reduces non-oil demand and lower investment in net oil importing countries.

Global Scenario:

• Oil accounts for 40 per cent of the world's total energy demand.
• The world consumes about 76 million bbl/day of oil.
• United States (20 million bbl/d), followed by China (5.6 million bbl/d) and Japan (5.4 million bbl/d) are the top oil consuming countries.
• Balance recoverable reserve was estimated at about 142.7 billion tones (in 2002), of which OPEC was 112 billion tones.