MCX Crude oil is
consistently declining in domestic market. In Tuesday's trade the
crude oil declined strongly in the market. The mcx crude oil is
trading in range bound at multi commodity exchange here on Tuesday.
Currently the mcx crude oil is trading at 4759 with a collapse of
about 1 percent. The export of crude oil has been comedown while the
strike in oil companies in Norway has over.The strike over in Norway
weakened the Nymex crude oil on Tuesday to $84.99 per barrel.
Crude Oil Trend:-
The report of US Energy department is
about to come on Tuesday which may affect the crude oil prices &
trend in the market. MCX Crude Oil may take a Support in the range
between 4750 to 4710 while Resistance in the range of 4830-4860 on
Wednesday's Trade.
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