Weekly Support & Resistance for CRUDEOIL
Resistance: 3150-3240
Pivot: 3050
Support: 2975-2880
CRUDEOIL: Last week crude oil Open at 3039
and made high 3147 and trade lower near 3000 level in MCX. Higher inventory
stock piles also create overhead resistance on crude oil prices. Trading below
3000 level crude oil may test levels of 2880 & on higher side 3150 may act
as resistance.
Bullion : Gold and Silver both trade lower last week and
made high 31888 and 48611 in MCX. For upcoming week gold trade in the range
31000 -32200.If Gold trades below 31100 then some sort of profit booking
expected
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