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MCX Crude oil best free technical chat outlook updated on 22nd July 2016, Friday.


MCX CRUDE OIL - 1 BBL


MCX crude oil stuck in narrow range, Crude oil futures contract traded on the Multi Commodity Exchange (MCX) has been on a short-term downtrend since encountering a key resistance at @ 3,400 a barrel in early June.

An emphatic fall below the immediate support at 3,000 will reinforce the bearish momentum and drag the contract down to 2,900 and then to 2,800 in the short-term.

1 comment:

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