crude oil weekly technical analysis for 7 to 11 sep 2015

mcx crude oil weekly tips for 7 to 11 sep 2015

mcx crude oil sep future this week closed with gain at 3107
this was second gaining week for oil future with volatile moves
total 400 rupee or almost 13% volatility seen this week
on weekly chart price down is up for crude future
but momentum is definitely on buying side
price moving towards major medium and long term averages
for next week mcx crude future support zones are 3030 and 2800
on upside 3250 and 3485 are strong resistances
above 3030 must follow buy and accumulate strategy for short terms

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Pramod Baviskar

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