SUNDAY
WEEKLY UPDATE
Mcx Crude oil was trading towards southward direction for more than two months and
finally last week it tested a low of 4524 and then jumped to close at 4665 levels,
when we plot a Fibonacci retracements between last low 46654 to a peak high of 7791,
it has exactly tested 100% retracements and now we expect either some sort of
consolidation or a bounce for the week ahead.
Weekly Call :
Buy Crude Oil between 4650 – 4690
with stops below 4520
for targets 4800 and 4830.
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