MCX Crude Oil December: Buy around 3766 for target of 3880

Way2wealth | 24 Nov, 2017 | Follow Author |

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Crude oil prices continued to move higher for second session by breaching the immediate high of 3765 and settled at 3802. Prices are moving within the rising trend channel and closing above the previous high has fuelled the bullish sentiment. Thus, we recommend buying around supports of 3766 for targets of 3880 levels.

MCX COPPER NOVEMBER

After breaching the resistance of the flag pattern, copper prices retested the upper band support and reverted back higher and ended at 449.00 mark. On the immediate basis the prices are likely to extend till 452, and surpass above that will provide further strength to the prices. Thus, we advise buying around 447 for upside targets of 452 then 458.

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About Way2wealth

Way2Wealth today has established itself as one of India’s ‘Premier Investments Consultancy Firms’, known for making investing simpler, more understandable and profitable for the investors. They offer a wide range of products & services viz: Equity, Derivatives, Currency Futures, Commodities Trading, IPO's, Mutual Funds, Portfolio Management Services & Depository Services.

For more information please write in to [email protected]

Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.

MCX Crude Oil December: Buy around 3766 for target of 3880

Way2wealth | 24 Nov, 2017 | Follow Author |

Rate this article
(Average Rating 0.0 Based on 0 ratings)

Crude oil prices continued to move higher for second session by breaching the immediate high of 3765 and settled at 3802. Prices are moving within the rising trend channel and closing above the previous high has fuelled the bullish sentiment. Thus, we recommend buying around supports of 3766 for targets of 3880 levels.

MCX COPPER NOVEMBER

After breaching the resistance of the flag pattern, copper prices retested the upper band support and reverted back higher and ended at 449.00 mark. On the immediate basis the prices are likely to extend till 452, and surpass above that will provide further strength to the prices. Thus, we advise buying around 447 for upside targets of 452 then 458.

More from Way2wealth

More on Indian Markets

Premarket Dailies

About Way2wealth

Way2Wealth today has established itself as one of India’s ‘Premier Investments Consultancy Firms’, known for making investing simpler, more understandable and profitable for the investors. They offer a wide range of products & services viz: Equity, Derivatives, Currency Futures, Commodities Trading, IPO's, Mutual Funds, Portfolio Management Services & Depository Services.

For more information please write in to [email protected]

Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.