Crude oil on MCX Opened lower, extended losses and declined near about 1.6 percent against previous closing price.
On Today crude oil reversed and declined sharply as weak Chinese data Oil prices ended mixed gained in the session ending Friday with Nymex crude gaining 1.8% while Brent crude ended 0.9% lower.
MCX Crude oil seems to continuous Decline trading near 3060 on MCX September contract.Currently prices are facing a stiff support at 3010 and resistance at 3150.
MCX Commodity Tips Today
MCX CRUDE OIL SEPTEMBER SELL BETWEEN 3058-3060, TARGET 1- 3041, TARGET 2- 3019 STOPLOSS: 3095 ,
BUY GOLD - OCTOBER (MCX)@ 26580.00, Target: 26670.00, Stop-loss: 26540.00
