MCX Crude oil weekly forecast for 18 to 22 dec. 2017
Mcx crude oil future this week closed at 3667 with loss.
mcx crude oil on daily chart is hovering around support level of 3665 with bearish signals on indicators.
below 3665, remain weak and sell for targets 3515 and then 3330 but if hold 3665 support then expect short covering rally up to 3850.
from long term view, crude oil is hit 3600 target and now is in correction-consolidation phase.