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Thursday, April 2, 2015

MCX - Crude Oil - Intra day - Positional Trading Levels - 02 Apr 2015

Best Buy & support @ 3028 Actual resistance & best short level @ 3075 (current supp), A break above 3122 upside target capped @ 3226 - 3272. However, a crack below 2980 downside target capped @ 2876 - 2830

Now @ 3106

Daily - weekly - monthly technicals suggests bullish momentum in play & there is still room left for upside, However, Iran Nuclear Deal has a strong impact as of now in markets hence technicals may reverse and that will be updated in Realtime if necessary.

Strategy: Buy On Dips 3028, Average level 2980, stops loss 2960 target 3122 - 3226
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