Crude Oil and Currency Report : 16th October 2018

Currency Report for Exporters and Importers : 16th October 2018   

MCX CRUDE OIL REPORT

Crude oil 19^th October 18: (previous day close/CMP Rs.5273)

Bullish over 5270 with 5334 and 5478 as price target.

Bearish below 5249 with 5195 and 5150 as price target.

Neutral Zone: 5249-5270

One Support: 5270

One Resistance: 5334

o      Small sell off will be there below 5270.

o      Crash will be there below 5212.

o      Crude oil needs to trade over 5300-5330 zone (till tomorrow) to zoom.