mcx crude oil weekly-2820 tgt achieved next tgt 3075

mcx crude oil weekly-2820 tgt achieved next tgt 3075 Mcx crude oil future this week closed with gain. Crude oil prices extended last week’s gain.   mcx crude oil future achieved My given target of 2820 , now next target is at 3075.   Traders can use corrections to buy and accumulate.   On downside 2550 is major support and above it strategy will remain buy and accumulate for targets 2820 and 3075.   For year 2016, monthly closing above 2920 means bullish trend breakout for crude oil prices.

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Pramod Baviskar

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