Crude oil in mcx was trading positively and twice hit a high of 3710 levels and closed at
3635 levels, strong resistance for the commodity is now at 3700 levels and supports
at 3600, 3550 and 3500 levels, trend for the commodity remains positive only above 3700
till then we expect correction up to 3500 levels.
Weekly Call :
Sell Crude Oil on rises between 3650 – 3680
with stops above 3730
for targets 3600,3580 and 3550.