MONDAY
WEEKLY UPDATE
Mcx Crude oil last week recovered from 2980 levels to 3150 levels but could not able to sustain
at higher levels and dropped back to 3035 levels, technically prices looks bearish but fundamentals
issues like Saudi ‘s continues air strike in Yemen could trigger the prices at bottom levels
we expect a short term spurt in market and is expected to bounce at any point of time,
buy on dips is advisable.
Weekly Call :
Buy Crude oil on dips between 2950 – 2980
with stops below 2870
for targets 3050,3100 and 3150.
