CRUDE OIL UPDATES FOR SEPT 18 2016

SUNDAY


WEEKLY UPDATE

Mcx Crude Oil last week dropped from 3100 levels to 2880

 levels trend for the commodity remains bearish for short term,

 we expect prices to drop further up to 2800 – 2750,

 immediate resistance for the commodity

 is at 2935 – 2950 and 2980 levels

, supports for the commodity is at 2850 – 2820 – 2770 – 2750 levels , 

sell at current levels and on rises is advisable for said targets.

Weekly Call :

Sell Mcx Crude oil on rises between 2900 – 2930

 with SL above 2980

 for targets 2820 – 2770 – 2750. 

                 

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