MONDAY
WEEKLY UPDATE
WEEKLY UPDATE
Mcx Crude Oil prices was closed exactly at its long term
support levels
of say 5550 , we expect prices to fall up to 5370 levels before
its weekly
inventory release , no major fundamental change or tensions , even
atlantic
coast is also free from stroms and hurricanes for the week,inventory
and
output is also very normal,moderate weather , every news for crude oil
falls
normal, which will eventually pull down the prices in international
market
that will reflect in domestic market also.
Weekly Update :
Mcx Crude oil sell only below 5540
with stop above 5645
for
tgt 5385.
