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MCX CRUDE UPDATES
In the begining of the week Crude oil fell down to 4660 levels and
bounced back to close around 4775 levels now strong supports for the commodity
is at 4660 levels and resistance is at 4835 levels either break will confirm
the next move for the commodity. Wait for fresh entries..
Strategy.
1 ) Buy Crude oil at cmp and add on dips up to 4725 levels with
stops below 4660 for target of 4830 and 4880 ..
2) Buy Crude oil only above 4840 levels with
stops below 4790 for target of 4900.
3) sell crude oil only below 4700 and add further below 4660
for positional target of 4560 and 4510 with stops above 4750..
