MCX crude oil technical analysis updated on 16th July 2015, Thursday.
MCX CRUDE OIL - 1 BBL
MCX crude oil technical indicates that it is still stuck in a range bound zone and trend will remain unclear as long as it holds in between in its range.
Sharp movement can be seen once it closes above 3418 or closes below 3226.
Intraday trading forecast for 17th July 2015, Friday.
Intraday MCX crude oil looks weak below 3226.
Support around 3195, 3180.