mcx crude oil heading for target 2940

Mcx crude oil intraday technical analysis 4th November 2016 Mcx crude oil intraday technical analysis 4th November 2016 Mcx crude oil future last closed at 2978 with another heavy loss. This was straight sixth losing session for crude oil prices. Mcx crude oil future intraday outlook remain weak and crude oil after achieving 3075 target heading for next target zone of 2940.   For intraday, mcx crude oil intraday resistances are 3000 and 3060 and these are fresh short entry zones. On downside crude oil have target zones at 2940 and 2900 levels.   Positional traders book profit in shorts around 2940 and risky investors can buy around 2900-2940 zone with stop loss for targets 3075 and then 3270+..

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Pramod Baviskar

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