Weekly Commodity Market Report for 3 Apr-7 Apr 2017 by TradeIndia Research
Get daily commodity market news and trends of mcx, ncdex by experts. Get free trial on mobile give missed call at 18003157801(Toll Free).
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CRUDE OIL<br />
OUTLOOK :<br />
CRUDEOIL(APR)<br />
SUPPORT:- 3144-3004<br />
RESISTANCE:- 3356-3428<br />
TREND:-<br />
STRATEGY :-<br />
BULLISH<br />
SELL ON RISE<br />
TECHNICAL OUTLOOK<br />
The trend in mcx Crude Oil MAR. Contract looks bullish and further upside is expected <strong>for</strong> near<br />
term but we will see some profit booking on higher side. Support is seen at 3144 while<br />
resistance is seen at 3356 level. Traders may sell around 3350. With the stop loss of 3420 <strong>for</strong> the<br />
target of 3260.<br />
In Nymex Crude Oil has a resistance of $52.10 and strong support at $48.50. In NYMEX Crude<br />
Oil closed 50.62.<br />
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