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MCX Crude Oil may soon breakout; Bias negative for Natural Gas below Rs 224

The anticipated trading band for the MCX Crude Oil futures has got narrower to Rs 6,180 - Rs 6,660. Broader trend for Natural Gas remains weak as the commodity trades below 200-WMA.

Topics
Crude Oil Prices | Natural gas price | commodity trading

Rex Cano  |  Mumbai 



markets, stock market, brokers, brokerages, sensex, correction, nifty, shares, growth, profit, economy, gain

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.

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First Published: Wed, March 08 2023. 09:32 IST

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