Weekly mcx crude oil tips for 21 to 25 November 2016
Mcx crude oil future this week closed with gain. Mcx crude oil after last week’s consolidation, given strong up move and achieved given target of 3075. Above 3075, next target will be 3270 and oil prices already started move towards it.
Mcx crude oil future price trend is down but momentum is on long side on strong short covering as well as value buying. From long term view, mcx crude oil has taken support at 2900 level and now heading for 3550 target.