mcx crude oil weekly forecast for 12 to 16 oct 2015

crude oil future this week closed at 3197 with gain.
mcx crude oil 5 weeks trend channel is up
and 20 weeks trend channel is down.
weekly chart RSI is at 50 with buy signal.
crude oil weekly support zones are 3045 and 2915.
crude oil weekly resistance zones are 3235 and 3298.
mcx crude oil future weekly trading call will be
sell mcx crude oil oct future near 3300 
for targets 3045 and below.

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Pramod Baviskar

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