CRUDE OIL UPDATES FOR SEPT 25 2016

SUNDAY



WEEKLY UPDATE

Mcx Crude oil last week  moved from 2900 to test a high of

 3110 levels and dropped back to close at 2978 levels, trend 

for the commodity remains bearish for short term with strong

 supports at 2900 – 2880 resistance for the commodity is at 3110 

and 3150 levels, sell on rises  is advisable.

Weekly Call :

                                Sell Mcx Crudeoil  on rises between 3000 – 3030 

with SL above 3110

 for targets  2900 – 2880.

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