SUNDAY
WEEKLY UPDATE
Mcx Crude Oil last week bounced from 2650 levels to 2800 levels and then dropped
back to 2680 levels and closed at 2700 levels, technically it has formed double
top at 2810 levels which is bearish for the commodity and we expect further
correction to take place till 2550 – 2600 levels, but at the same time Opec
Countries meet is there for output freeze if that happens then prices may
bounce from bottom levels.
Weekly Call :
Sell Crude Oil on rises between 2720 -2750
with SL above 2810
for targets 2600 – 2550.
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