SUNDAY
WEEKLY UPDATE
Mcx Crude oil last week after the contract expiry new contract opened at 2755 levels and
continued its bullish momentum to test a week high of 2973 levels and dropped a bit
to close at 2935 levels, overall trend for the commodity is still in the hands of
bulls however we expect a short term correction in crude oil below 2880 levels,
sell below supports is advisable for now,
immediate supports for the commodity is at 2905
and 2880 and resistance at 2970 levels.
Weekly Call :
Sell Mcx Crude Oil only below 2880
and add further on rises up to 2910
with SL above 2975
for targets 2800 and 2750.
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