MCX crude oil technical analysis chart and technical tips updated on 23rd January 2017 Monday
MCX CRUDE OIL - 1 BBL
MCX crude oil moving up from support zone @ 23.6% fibonacci retracement support zone @ 3478.
Price rise expecting as long as MCX crude oil holds above 3478.
If moves up further then it will find resistance @ 3780 its recent top.
As per the latest new published by major broking houses in India Oil price will remain trade higher on output cuts by the OPEC nations and also comments from IEA about the tightening oil market.