MCX Crude oil technical analysis chart updated on 13th January 2017 Friday
MCX CRUDE OIL - 1 BBL
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%.