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MCX crude oil technical analysis chart updated on 070615.


MCX CRUDE OIL - 1 BBL


MCX crude oil technical analysis chart indicates that it is fiding strong 23.6% fibonacci retracement support zone, as long as it holds above bulls will be favored and further price rise can be seen in coming days, once closes and holds below then weakness expecting and MCX crude will find next support around 38.2% fibonacci retracement.
Its major trend indicators are showing mix signals as shown in above image.

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