SUNDAY
WEEKLY UPDATE
Mcx Crude oil last week saw a momentum up to 4810 levels after November contract
expiry but on week end prices once again dropped below 4700 levels and closed
at 4695 levels, overall trend for the commodity remains bearish and is expected
to drop further to 4630 to 4600 levels if prices closes only below 4670 levels.
Last day trading candle confirms the bears upper hand in the market however
profit booking cannot be ruled out due to weekend closing.
Weekly Call :
Sell crude oil only on close below 4670
with stops above 4710
for target 4600.
Further correction is expected only on a close below 4600 levels.
We are uploading Videos on the MCX Commodity market
Trading levels and strategies given
To Get FREE NOTIFICATION every time we upload a viseo
Subscribe to our You Tube Channel
CLICK HERE TO SUBSCRIBE
