MCX crude oil technical tips and chart updated on 24th June 2016, Friday.
MCX CRUDE OIL - 1 BBL
Crude oil futures contract traded on the Multi Commodity Exchange (MCX) jumped more than 4 per cent on the back
of strong buying interest on Monday, to settle at @ 3,328 per barrel.
This rally has erased the prior bearish outlook
on the contract. It took support at around @ 3,133 on June 17 and started to trend upwards. Further, breaching the
key immediate resistance at @ 3,300, the contract continued its up move.
On Thursday, it surged 63 points or 1.9 % to trade at @ 3,357.
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