MCX crude oil technical chart and commodity tips updated for 09th March 2016, Wednesday.
MCX CRUDE OIL - 1 BBL
MCX crude oil technical chart indicates that it is witnessing selling pressure from its previous top in its daily chart.
Technical indicates as long as it holds below its resistance zone bears will be favored and further weakness can be seen in coming days.
Bulls action can only be seen once it closes and holds above its resistance zone @ 2595.