mcx crude oil weekly-2540 tgt achived next tgt 2760

mcx crude oil weekly technical analysis for 14 to 18 march 2016

mcx crude oil weekly technical analysis for 14 to 18 march 2016

Mcx crude oil future this week closed with gain. This was forth gaining week for crude prices after making bottom at 1800 rupee levels. This week we seen almost 200+ rupee rally.   Mcx crude oil future achieved given target of 2540 now next target is at 2760. This level also strong resistance. Breakout above this levels means short term super Bull Run for crude oil with price targets 3130 and 3350.   On downside 2540 will act as support and below it next support will be deep down at 2170.

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