Crude oil future (March) prices witnessed a rally on Wednesday’s trading session and after making a high of 3707 it settled at 3689 levels.
It’s sjown a stiff resistance at 3730 levels on breach of the same likely to trade higher. The supports are at 3660 then 3630 levels.
We at fxcommodity expect prices to trade sideways to higher and recommend buying near support levels.
MCX Crude Oil Tip
Buy March at 3675
Tgt 3720
SL 3650
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