SUNDAY
WEEKLY UPDATE
Crude oil was highly trading in the same range between 3220 – 3440 for last three weeks ,
prices opens week in the first session then recovers back to 3440 levels and then dropped
back to 3300 levels very strong resistance for the commodity is now at 3440, supports for
the commodity is now at 3220, if we see the weekly chart technically it shows a clear
sell so we suggest to sell the commodity on rises between 3300 – 3350
with SL abv the resistance for target 3100.
Weekly Call :
Sell Mcx Crude Oil between 3300 – 3350
with SL above 3440
for targets 3200 – 315 0 – 3100.
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