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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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