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MCX Crude Oil Short Term Bullish

Posted by : Karan Hakim on | Feb 23,2015

MCX Crude Oil: Short Term Bullish

We maintain our bullish view in MCX Crude Oil, as prices have been trading in a downtrend since last three months forming lower tops and lower bottoms, but recently it has taken support from Support Line S, 2760 and surged upside. We expect crude oil prices to continue upside moment of retracement , eyeing target of Rs.3543.

About Kotak Commodities

Kotak Commodities is promoted by the Kotak family that has decades of experience in commodity trading, they have a full-fledged research division involved in macro & commodity complex research and commodity specific research. This is combined with a strong and well networked sales force, which helps deliver current and up-to-date market information and news. For more information visit their website. http://www.kotakcommodities.com/