mcx crude oil weekly technical outlook for 16 to 20 nov 2015

mcx crude oil this week closed at 2679 with loss.
this was second losing week for this energy commodity.
crude oil future price trend and momentum absolutely
bearish and fresh breakdown is seen and this time
might set new low deep down.
mcx crude oil weekly support zones are 2606 and 2490.
mcx crude oil weekly resistance zones are 2700 and 2880.
mcx crude oil future weekly trading call will be
stay short with trailing stop loss for target 2606 and below.

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Updated: 15/11/2015 — 11:47 AM

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Pramod Baviskar

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