Crude oil in mcx was taking strong supports at 2750 levels and closed at 2853 levels
well above the resistance for the week ahead we expect prices to move forward to
test 3000 levels, immediate strong resistance is now at 2900 levels and supports
at 2810 and 2770 levels. Over all trend remains sideways to positive.
Weekly Call :
Buy Crude oil between 3810 - 3855
with stops below 2750
for targets 2930 and 3000.