MTECHTIPS MCX CRUDEOIL INTRADAY trading analysis 23-05-2016
Mcx crude oil future this week closed with gains. Crude oil prices heading highs on fundamentals news and might continue to do so in upcoming weeks.For next week, mcx crude oil future outlook remain bullish and strategy remain buy on dips. This week crude achieved my tgt 3325 and now next tgt will be 3625. Crude rallied from lows of 2870 to highs of 3333.For next week, crude oil support zones are 3245 and 3120. On upside 3370 and 3420 are resistance levels for next week. Crude oil future will show 3600+ levels if sustain above 3325 zone.