CRUDE OIL UPDATES FOR NOV 14 2016

MONDAY 3.45 PM IST



WEEKLY UPDATE

Crude oil in mcx last wee dropped from 3058 to 2895 levels 

and taken supports at 2900 to close at 2950 levels, trend for\

 the commodity remains bearish and we expect further correction

 up to 2800 – 2780 – 2750 levels, sell on rises is the strategy ,

 immediate supports for the commodity is at 2900 – 2830 – 2800 levels 

resistance for the commodity Is at 3010 – 3045.

Weekly Call :

                Sell Mcx Crude Oil on rises between 2990  - 3020

 with SL above 3100 

for target 2900 – 2850 – 2830 – 2800.

           
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