CRUDE OIL UPDATES FOR OCT 23 2016

SUNDAY


WEEKLY UPDATE

Mcx Crude Oil was consolidating in the range between 3380  –  3440

 levels and any breakout above 3450 levels that to a weekly close

 above 3450 will confirm the momentum up to 3750 

levels to 4000 levels in the days to come,

 Trend looks extremely bullish above 3450 levels '

supports for the commodity is at 3300 levels positionally.

Weekly  and Positional Call :

                Buy Mcx Crude oil only on a close above 3450

 and add further on dips up to 3420 

with SL below 3300

 for target 3600 – 3700 – 3750.

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