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Sunday, August 31, 2014

CRUDE OIL UPDATES FOR AUG 31 2014

SUNDAY



WEEKLY UPDATE



Mcx Crude Oil Prices last week recovered from its earlier losses and close



above 5800 levels, prices looks positive and we expect the rally to continue



till 5900 to 5970 levels, immediate strong resistance is now at 5900


and next level at 5970 ,buy on dips is advisable strategy for the said targets


.
Weekly Call :



Mcx Crude Oil buy on dips near 5780 – 5800



with stops below 5740



for tgts 5900 , 5940 and 5970.