Monday, 5 December 2011

Weekly and Intraday Tips for Crude Oil

Good Morning Everybody,The day has been started with some new deals; let’s have a slight perception about the market of Monday from MCX – Today.

Prices formed the Diamond top pattern and prices pierced the Apex. Interestingly, prices have also pierced its long hourly uptrend. Volume ROC indicator is showing the perfect picture of Climax Buying hence we expect some reversal. RSI has given break-out and has pierced its Rising wedge pattern.


Rating: Sell
Target Price: 4120-4100
Upside: 8500/ Lot
CMP: 4185-4190
Stop Loss: 4245
Time Frame: Intraday

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