Mcx crude oil heading towards 3270 target

Mcx crude oil heading towards 3270 target Mcx crude oil intraday outlook for 17th November 2016   Mcx crude oil on last trading session closed at 3125.   Mcx crude oil achieved recovery target 3075 and now trading above it with bullish breakout.   On upside 3270 will be next swing target for this recovery rally. Mcx crude oil intraday buying zones are 3075 and 3025.   On upside 3180 and 3270 are target zones.   From long term view, mcx crude oil has taken support at 2900 and now heading for target 3555.

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Pramod Baviskar

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