SUNDAY
WEEKLY UPDATE
Mcx Crude oil was trading in the range between 298 0 – 3100 levels with former acts as
supports and later as resistance we expect prices to drop from the current levels to test
2900 levels and any close below 2900 further correction is expected up to 2700 levels,
Cyclone formation is there in Atlantic ocean any change in category of cyclone formation
may hold the prices .
Weekly Call :
Sell Mcx Crude oil or Crude oil mini only below 2980
and add further on rises up to 3020
with stops above 3080
for target 2900,
any close below 2900 add further shorts with stops at cost for targets 2800 levels.
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