MONDAY
WEEKLY UPDATE
Crude Oil last week taken supports at 2800 and bounced to 3050 levels but could
not able to sustain at higher levels and dropped back to 2800 levels, '
strong supports at current levels is 2770 levels, any break below the
said level may have further correction up to 2500 levels , trend
remains bearish for the commodity.
Weekly Call :
Sell Crude oil only on a close below 2770'
with stops above 2900
for targets 2600 and 2500.
