MCX Crude Oil Daily Technical Update: 11th July 2018
Crude oil 19th July 18: (previous day close/CMP Rs.5071.00)
Bullish over 5033 with 5109 and 5151 as price target.
Bearish below 4990 with 4910 as price target.
Neutral Zone: 4990-5033
One Support: 5033
One Resistance: 5151
- Crude oil needs to fall below 4990 or break and trade over 5151 for another one way price move.
- There can be very sharp two way moves.
(11th July 2018, 9:52 am IST)