MCX crude oil commodity tips and technical analysis chart updated for 29th February 2016, Monday.

MCX CRUDE OIL - 1 BBL

MCX crude oil hourly technical chart indicates that it is witnessing selling pressure from its previous top as shown in above image. As long as it holds below intraday weakness can be seen in MCX crude oil.

Intraday bulls action can be seen once it closes and holds above its previous top.