CRUDE OIL UPDATES FOR SEPT 28 2014

SUNDAY

WEEKLY UPDATE

Mcx Crude oil last week opening prices dropped to test 5550 levels 

which is strong supports and then prices recovered back to hit a high

 of say 5780 levels, trend for the commodity is expected to trade

 sideways only but a break and close above 5800 will give a technical 

positive rally till 5850 to 5900 levels,

Weekly Call :

Wait for entries supports 5735 

and res 5850 and 5900..

 (only For High risk players

 buy crude oil  at 5780 with stops below 5735

 for targets 5850 and 5900).