mcx crude oil weekly : correction up to 2550 to 2200 is possible

mcx crude oil weekly technical predictiosn for 28 march to 1 april 2016

mcx crude oil weekly technical predictiosn for 28 march to 1 april 2016

Mcx crude oil future this week closed with loss. After last 5 weeks gains prices seen some profit booking as well as supply around 2760 zone.   Crude oil future achieved my given target 2760 and now time for correction. On downside 2550 and 2200 are major support zones as well as target levels for this correction phase. Next major upside move for mcx crude oil will happen above 2760 only.

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Pramod Baviskar

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