Mcx crude oil weekly-remain buy for target 3400 and 3600

Mcx crude oil predictions for 28 Nov. to 2 Dec. 2016

Mcx crude oil predictions for 28 Nov. to 2 Dec. 2016

Mcx crude oil future this week closed at closed with gain at 3196. Mcx crude oil is in uptrend on weekly chart and heading for medium term target of 3555. From short term view, closed below 3270 which is bearish sign but medium term trend still strong so use these correction to enter long with stop loss for targets 3400 and 3600. From long term view, my targets are 3555 and then 4630.

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Pramod Baviskar

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