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)

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