MCX-Crude Oil (₹3,174)
Taking support at around ₹3,100 per barrel in late March, the MCX-Crude oil futures contract started to move higher. However, it encountered a key resistance in the band between ₹3,450 and ₹3,480 in mid-April and began to decline. The contract subsequently resumed its down-move. It is currently testing the significant support level of ₹3,100 once again, with negative bias. The daily indicators are...
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