mcx crude oil weekly : second target 2760 almost achieved

mcx crude oil weekly technical analysis for 21 to 25 march 2016

mcx crude oil weekly technical analysis for 21 to 25 march 2016

Mcx crude oil future this week closed with gain. This was fifth gaining week for oil prices. Weekly chart price trend is down but momentum is strong bullish.   My crude oil 2540 and then 2760 target almost achieved. mcx Crude oil this week high was at 2745. Above 2760 expect super bullish rally for oil prices and in that case targets will be 3130 and 3350. Below it more chances of correction up to 2540 to 2200 levels.

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Pramod Baviskar

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