Contact Us | Log In
Sensex: Gold: Rs.29770.00
Nifty: 10894.7 +77.70 Silver: Rs.38984.00
MCX Crude oil November: Buy on dips at 3550 levels for targets of 3620 -
MCX Crude oil November: Buy on dips at 3550 levels for targets of 3620
Way2wealth | Published: 06 Nov, 2017  | Source :


Lead  November  contract  prices  are recovering slowly from the lower levels and  moving towards the immediate trend line resistance of 161.60. A breach  of that will confirm  the bullish breakout of H  &  S  pattern.  So,  we  recommend  buying  on break  of  161.50  for  upside targets  of 164  then 166 for the day.


Crude  oil  prices are slowly inched higher after penetrating  the  immediate  high  of  3572  and  ended  at  3579.  The  prices  are strongly holding above  the  key  support  of  3472 and  according  to the trend  line the  immediate resistance  is  at 3620 then  3250 levels.  Thus,  we  recommend buying  on  dips  at  3550 levels  for  targets  of  3620 then 3700.

  Read full report Click here to read the full report

About Way2wealth

Way2Wealth today has established itself as one of India’s ‘Premier Investments Consultancy Firms’, known for making investing simpler, more understandable and profitable for the investors. They offer a wide range of products & services viz: Equity, Derivatives, Currency Futures, Commodities Trading, IPO's, Mutual Funds, Portfolio Management Services & Depository Services.


For more information please write in to

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.