SUNDAY
WEEKLY UPDATE
Mcx Crude oil for last three weeks was trading in bearish zone thus by given
head and shoulder pattern with neck line as 5965 levels any close below 5965
will be considered as pattern breakdown and is expected to test 5770 and 5640 levels.
RSI for the commodity is also well below 50 mark confirms the bearish trend.
Resistance for the commodity is now at 6130 levels .
Positional & Weekly Call :
Sell crude oil only on close below 5965
and add one more if prices goes up to 6030
with stops above 6130
for targets 5770 and 5640..(
Positional Target)
