MCX CRUDE OIL Nov., Thursday as seen in the daily chart opened at 2983 levels and day high of 3021 levels. During this period price corrected & made day low of 2943 levels finally closed at 2951 levels. Now, there are chances of further downward movement technically & fundamentally.
Oil experts from the Organization of the Petroleum Exporting Countries and non-member countries made no agreement this week to take steps to boost prices, officials said after talks in Vienna on Wednesday.
DAILY RECOMMENDATION:
SEL MCX CRUDE OIL AUG., BELOW 2980
LEVELS FOR TARGET OF T1 2880 T2 2830
WITH SL OF 3100 LEVELS.
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