mcx crude oil weekly outlook for 19 to 23 oct 2015

crude oil future this week closed at 3059 with loss.
crude oil 5 weeks trend channel is up
and 20 weeks trend channel is down.
weekly chart RSI is at 45 with sell signal.
mcx crude oil weekly support zones are 3050 and 2972.
mcx crude oil weekly resistance zones are 3185 and 3235.
mcx crude oil weekly trading call will be
sell mcx crude oil future near 3200
with strict stop loss above 3250
for targets 3050 and below.

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Pramod Baviskar

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