SUNDAY
WEEKLY UPDATE
Mcx Crude oil was continuously trading towards southwards direction for last 6 weeks after
hitting a high of 3427 triple top prices starts to correct and almost corrected by 600 rupees ,
when we draw a trend line channel prices has taken supports at 2735 levels on weekend
closing and recovered back to 2780 levels, though trend for the commodity looks
bearish we can try a high risk call by keeping supports as stoploss for short term buy.
Weekly Call :
Buy Mcx Crude Oil at CMP 2780 and on dips up to 2760
with sl below 2700
for targets 2850 and 2890.(high Risk buyers only)
Sell Mcx Crude oil on rises between 2850 – 2880
with SL above 2970
for targets 2750 – 2700 – 2670
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