MTECHTIPS MCX CRUDEOIL INTRADAY trading analysis 10-06-2016
DAILY :- Mcx crude oil future closed at 337 with loss. Here expect some correction and consolidation and then target of 3550 on upside.
WEEKLY :-Mcx crude oil future this week closed with loss. This was first weekly loss for oil prices after last week’s rally. For next week, mcx crude oil future outlook is bullish and strategy will be buy on dips.For next week, mcx crude oil support levels are 3200 and 2980. These are fresh buying levels. On upside mcx crude oil resistances are 3325 and 3440 and these are target zones for next week. For June 2016, mcx crude above 3210 remain bullish and buy for targets 3550 and 3775.