SUNDAY
WEEKLY UPDATE
Mcx Crude oil was in consolidation phase between 3100 to 3330 levels, it was under the
formation of inverted Head and shoulder pattern and the neckline for the same is 3330
levels any breakout above 3330 levels will give a rally up to 3700 levels, overall trend
for the commodity remains bullish and buying on dips is advisable strategy for now any
further breakout above 3330 levels may push up further to the above said levels.
Weekly Call :
Buy Crude oil or Crude oil mini 5 lots at cmp 3215
and on dips up to 3180 with stops below 3120
for target 3300 and 3330//
add further positions on pattern breakout above 3330
with stops at cost
for targets 3500 3600 and 3700.
