MCX crude oil technical analysis chart and crude oil tips updated on 19th January 2017 Thursday
MCX CRUDE OIL - 1 BBL
MCX crude oil finding strong support at current levels, technical indicates weakness expecting once mcx crude oil closes and holds below 3478.
Intraday weakness expecting once it holds below its support zone @ 3478.
News - US crude oil futures (WTI) also settled -2.7% ($51.08) on prospect of rising US shale production.
February production will edge up 40750 barrels per day to 4.748 million bpd, in January it was expected to drop by 5900 bpd.