MCX crude oil intraday technical chart updated on 16th July 2015, Thursday.
MCX CRUDE OIL - 1 BBL
MCX crude oil intraday chart also indicates the same thing just shown in MCX and NYMEX crude daily chart that we updated earlier.
Intraday MCX crude oil indicates that it is stuck in a range bound zone and witnessing selling pressure from 100 hours moving average this will favor bears.
Once it holds below 3226 then we can see further weakness in MCX crude oil during trading hours.
Intraday trading forecast for 17th July 2015, Friday.
Intraday MCX crude oil looks weak below 3226.
Support around 3195, 3180.