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The MCX Crude Oil futures have retraced for the twelfth time in the last three months after facing resistance around its 100-DMA. However, with the trading band getting narrower over the last couple of weeks a breakout seems to be on the cards in the near term.
Here's how Crude Oil and Natural Gas futures are placed on the charts.
MCX Crude Oil
Bias: Range-bound
Last close: Rs 6,408
Support: Rs 6,420; Rs 6,390
Indicative Range: Rs 6,180 - Rs 6,660
Yet again the MCX Crude Oil futures changed course after testing resistance at the 100-DMA. In the past three months, Crude prices attempted to conquer the
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