SUNDAY
WEEKLY UPDATE
Mcx Crude oil after a huge fall from 6600 to 4900 levels was consolidating
in the range between 5100 to 4900, former being strong resistance and the
later as supports , but still we maintain our bearish view up to 4675 levels
in crudeoil if prices closes below 4900 levels. One can initiate sell below
4900 levels with stops above 5010 for the said targets.
Weekly Call :
Sell mcx crude oil only below 4900
(either on closing basis or on decisive breakdown )
with stops above 5010
for targets 4775 and 4690.
