Mtechtips CRUDEOIL MCX  intraday trading analysis 27-11-2012

Mcx crude oil dec future short term traders hold longs for targets of 5000 and then 5150.buying zone is 4800-4850 with strict stoploss on downside.above 5000 rally will pick momentum and sharp moves expected. medium to long term view fresh buying done on confirmation only.if buy signal triggers then rally targets comes around 5300-5500 in dec to jan series.on downside 4500-4600 zone remain value buy zone.





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