Thursday, January 27, 2011

Support and Resistance for MCX Crude Oil

Support for Crude is seen at 3940 and below it; prices can test 3875 while the resistance levels are seen at 4050 and 4100 respectively. Short term range for MCX Crude Feb contract is seen at 3900-4150. Positional traders can Buy MCX Crude Feb contract near 3970 keeping a stop loss of 3925 and can wait for the targets of 4040-4075 .


Posted By Commodity MCX Tips