SUNDAY
WEEKLY UPDATE
Mcx Crude oil was trading in negative range for more than a three months and prices were trading very close to
its strong supports at 3000 levels ,due to Chinese market and the prevailing condition in euro zone forces the
commodity to trade in negative zone, we expect prices to correct further to 2750 levels once given a breakdown
below 3000 levels , the above said level is very crucial for now.
Weekly Call :
Sell Mcx Crude oil or Crude oil mini between 3060 – 3100
with SL above 3150 for target 3000,
and any close below 3000 we expect prices to correct further
up to 2750 levels with some interim supports.
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