MTECHTIPS MCX CRUDEOIL INTRADAY trading analysis 16-11-2015
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.