MCX crude oil future analysis for 4th january 2019
crude oil future on last trading session closed at 3291 with gain. my january series ecovery swing targets were at 3350 and crude oil future hit that target.
mcx crude oil future if sustain above 3350 then expect big short covering rally up to 3700 and above.
but below 3350 remain weak and sell for targets of 2850 and then possibly 2500 rupees.
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