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Sensex: 33136.2 +139.40 Gold: Rs.30321.00
Nifty: 10155.2 +30.90 Silver: Rs.38372.00
MCX Crude Oil December: Buy around 3766 for target of 3880 -
MCX Crude Oil December: Buy around 3766 for target of 3880
Way2wealth | Published: 24 Nov, 2017  | Source :
Crude  oil  prices  continued  to  move  higher  for  second  session  by  breaching  the  immediate  high  of  3765  and  settled  at  3802.  Prices  are  moving  within  the  rising  trend channel and  closing above the  previous  high  has  fuelled  the  bullish  sentiment.  Thus,  we  recommend  buying  around  supports  of  3766  for  targets  of  3880  levels.


After breaching the resistance of the flag pattern, copper prices  retested  the  upper  band  support  and  reverted back  higher  and  ended  at  449.00  mark.  On  the immediate  basis  the  prices  are  likely  to  extend  till  452, and  surpass  above  that  will  provide  further  strength  to the prices. Thus, we advise buying around 447 for upside targets of 452 then 458.

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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor accept any liability whatsoever arising from the use of any of the above contents.