Mcx crude oil future last closed at 3410 with huge gains. Yesterday we saw positive opening at 3284 and crude oil set on rally from that level and ended up at day high of 3412. On upside 3355 was my second swing target for crude oil future which got achieved and now crude oil prices are entered into super bullish trend for next targets zone of 3470 and then possibly 3650 rupee. On downside 3355 will act as support as above it mcx crude oil future will remain buy and accumulate with stop loss for targets 3470 and 3650 for month of September.
Mcx crude oil on weekly chart looking strong and hit 3400 target and now watch for next investment targets of 3600 and then 4300 rupees.