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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. 

1 comment:

  1. I found it quiet interesting ,Thank you for posting the great content?I was looking for something like this?, hopefully you will keep posting such blogs?commodity tips

    ReplyDelete

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Financial Advisor A leading Investment Advisory company, is known for its accurate recommendations on StockMutual Funds and bonds. We also provides Indian Stock market tips newsletter with daily point of view based on Technical analysis.