SUNDAY
WEEKLY UPDATE
Mcx Crude oil last week given a breakout above 2970 levels and moved up to 3100 levels
and closed at 3030 levels, overall trend for the commodity still remains bullish
but for short term we expect a correction up to 2900 levels, immediate resistance
for the commodity is at 3070 and 3100 levels and supports at 2970 – 2950 – 2900 levels.
Weekly Call :
Sell Mcx Crude Oil between 3030 – 3070
with SL above 3110
for target 2970 – 2930 – 2900.
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