Dani Commodities has come out with its report on MCX Crude. According to the research firm one can buy MCX Crude oil at Rs 6120 with a stop loss of Rs 6095 for the target price of Rs 6160.
MCX Crude Oil has opened with minor moves on the higher side*The prices of MCX Crude Oil settled at Rs 6106 per barrel, when last checked Crude Oil was trading at Rs 6123 per barrel*The resistance for Crude Oil is at Rs 6177 per barrel, while Supports for Crude Oil is at Rs 6076 per barrel*Open interest in the contract moved to 8425 against 8063*It is interesting to note that the volumes have been moving down and on the last settlement were 41743*RSI for Crude Oil is at 51.
MCX CRUDE OIL
International: Major Support for WTI at USD100 Bullish above USD 100
Domestic: Buy at 6120, Stoploss 6095, Target 6160.
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