SUNDAY
WEEKLY UPDATE
Mcx Crude oil was trading in the range between 2980 – 3100 levels for more than two weeks and
finally prices closed at 2971 levels in the week end , trend for the commodity looks very
bearish below 2950 levels because for the whole week prices has taken very strong supports
at 2960 levels similarly 3030 is considered as short term resistance levels and any
breakout above 3030 may push up the prices to 3110 levels immediately .
Sell only below supports is advisable.
Weekly Call :
Sell Mcx Curde oil or Crude oil mini only below 2950
and add further on rises up to 2985 levels
with stops above 3040
for targets 2900, 2860 and 2820.
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