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Sunday, April 23, 2017

CRUDE OIL UPDATES FOR APRIL 23 2017

SUNDAY


WEEKLY UPDATE


Mcx Crude oil both in international market and in domestic 



market looks bearish and we expect prices to test further up



 to 3100 levels to 3070 levels in the days to come strong resistance 



for the commodity is at 3270 and supports at 3150 – 3100,



 over all scenario for the commodity looks bearish sell on rises is advisable.




Weekly Call :




                                Sell MCx Crude oil on rises between 3220 – 3250



 with SL above 3300



 for targets 3120 – 3080.




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