MCX Crude UPDATES and Tips

Today MCX commodity crude oil opens with green sign & growing very well. Yesterday it closed at 5101 points but today it open at 5105 points. At present it reaches at 5123 points. Its resistance level is 5135.1, 5159.1 & support level is 5067, 5043.1

In future it roses up very quickly.

Traders & investors start to buy crude oil at 5114 point.

One can buy MCX Crude oil above at 5120 to 25 targets 5140, 5155 stop loss 5107

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MCX ENERGY TRENDS WITH SURE TIPS

Crude oil Trend

Crude oil futures closed higher, changing direction in the last half-hour of floor trading. Prices declined earlier after a surprise increase for weekly crude supplies and above-estimate increases for crude products such as gasoline. Crude oil supplies increased by 2.7mn barrels to 380.

Overall trend of the Crude oil is bearish for medium-long term .Currently Crude oil is in strong uptrend and the trend is supported with good volume the open interest is not increasing with trend. It is showing SELL signal for short term. Positional Support for the Crude oil is 4900-4868.Resistance for the crude oil is 4967-5048.

Natural Gas Trend

The Natural gas is in perfect uptrend .Currently Natural gas is in strong uptrend and the trend is supported with good volume the open interest is not increasing with trend. Cautious point is buying at higher levels seems decreasing. Support for the Natural gas is 165-163-160; resistance for Natural gas is 181.

MCX Crude Oil Tips

Although Crude MCX is Showing Positive trend with in Consolidate range, But Traders can sell Crude below at 4960 Targets 4935 Stop Loss 4997.