SUNDAY
WEEKLY UPDATE
Mcx Crude oil was trading in the range between 3600 – 3950 for more than one and half months and last week on closing
prices have given a breakdown below 3600 and closed well below its strong supports at 3520 levels, trend for the
commodity looks extremely bearish and we expect correction to take place further up to 3400 level to 3300 levels,
sell at current levels and on rises is the best bet.
Weekly Call :
Sell Mcx Crude oil or Crude oil mini between 3550 – 3600 with stops above 3680 for targets 3400 and 3330.
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