crude oil intraday trading levels for 16 oct 2015

crude oil future today closed at 2986 with loss.
 
On daily chart, crude oil future 1 week price channel is down.
And 1 month price channel is showing downtrend.
Daily chart RSI is at 44 and bearish.
 
mcx crude oil intraday support levels are 2957 and 2937.
mcx crude oil intraday resistance levels are 3009 and 3029.
 
mcx crude oil intraday trade will be
sell mcx crude oil oct future around 3010-3030
with stop loss for target 2957 and below.

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Pramod Baviskar

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