MCX Crude oil technical analysis chart updated on 13th January 2017 Friday


MCX Crude oil moving up from support zone @ 3478, as long as it holds above bulls will be favored.

If MCX Crude oil moves up further then will find strong resistance @ 3780 its recent top.

News - Crude oil rose up by 1 % in international and national markets on Thursday on news that crude exporter (Russia and Saudi Arabia were cutting production to reduce a global crude glut. And their was also a forecast that their will a record demand in crude by China.

US crude futures settled up 76 cents to $53.01 barrel a gain of 1.5%.

1 comment:

  1. The new taxation regime is likely to be rolled out from July or latest by end September.capitalstars



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