FX:USOIL   CFDs on Crude Oil (WTI)
Crude(30.9.2016) traded higher in last few session & broken the consolidation area with higher volume . After a consolidation period of 6 weeks crude made a double bottom pattern with 2 bullish candlestick in September month. Meanwhile OPEC production cut also boosted crude price while real action on production still has to come. Doors are open now for initial target around $49 followed by $51 area.

Tip => Buy crude as long as it stay above $47 mark for targeting area $47 followed by $51.

MCX levels -> S2(3088) S1(3143) cmp (3180) R1(3275) R2(3330)

Note - Above technical analysis is not a buy/sell recommendation.

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