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.

More at www.mantracommodity.blogspot.in


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.