mcx crude oil NG intraday outlook for 1 November 2016

mcx crude oil intraday outlook for 1 November 2016 MCX Crude oil future intraday view and tips for 1st November 2016 Mcx crude oil future last closed at 3156 with heavy loss. As expect crude oil future given crack down and almost touched my given downside target of 3100 with loss of 3140. On downside crude futures achieved my given swing targets of 3325 and almost 3100. Mcx crude oil intraday outlook is weak and strategy remain sell on rise. Mcx crude oil intraday resistances as well as fresh short entry zones are 3205 and 3270. Mcx crude oil future intraday support zones are 3140 and 3100 and target zones. Below 3100, crude future turn very bearish for target 2970. Mcx energy segment outlook is bearish in short terms. mcx natural gas intraday outlook for 1 November 2016 MCX natural gas future intraday view and tips for 1st November 2016 Mcx natural gas future last closed at 203.9 with loss. As expected natural gas below 211 is correcting toward my target of 193 rupee. Yesterday we saw high near 212 and then sharp selloff and closed at day’s low. Mcx ng future intraday outlook remain weak and trading strategy remain sell on rise. Mcx natgas intraday resistance as well as fresh short entry zones are 206 and 213. Mcx ng future intraday support zones as well as target zones are 195 and 190. Watch 193 support, below it natgas will start fresh downtrend for big downside.

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Pramod Baviskar

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