MCX Crude oil November: Buy on dips at 3550 levels for targets of 3620 | IndiaNotes.com
MCX LEAD NOVEMBER
Lead November contract prices are recovering slowly from the lower levels and moving towards the immediate trend line resistance of 161.60. A breach of that will confirm the bullish breakout of H & S pattern. So, we recommend buying on break of 161.50 for upside targets of 164 then 166 for the day.
MCX CRUDE OIL NOVEMBER
Crude oil prices are slowly inched higher after penetrating the immediate high of 3572 and ended at 3579. The prices are strongly holding above the key support of 3472 and according to the trend line the immediate resistance is at 3620 then 3250 levels. Thus, we recommend buying on dips at 3550 levels for targets of 3620 then 3700.
Click here to read the full report