crude oil weekly outlook for 9 to 13 nov 2015

mcx crude oil this week closed at 2945 with loss.
crude oil 5 weeks trend channel is down
and 20 weeks trend channel is down.
weekly chart RSI is at 42 with sell signal.
mcx crude oil weekly support zones are 2870 and 2805.
mcx crude oil weekly resistance zones are 3010 and 3155.
mcx crude oil future weekly trading call will be
stay short with trailing stop loss for targets 2870 and then 2810.

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Pramod Baviskar

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