MCX Crude Updates and Trading Tips for Today

Crude oil Showed up a good momentum on Thursday and its most active contract (July futures) rallied almost 1.5%.
The said contract opened at 4299, made an intraday high of 4409 and finally closed at 4363.
Crude is likely to touch 4400-4450 for the day if it manages to sustain above 5350 mark.
Crucial support for the said contract is seems to reside near 4300. A trade below the same may let crude oil to test 4250-4200 levels.
Trading range for crude oil for near term is 4250-4450.
Traders can buy crude oil 4360-70 for the targets- 4400-4450 stoploss-4310
below 4299 sell crude oil for targets- 4250-4225.

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MCX Tips Today- Crude Oil Updates

Crude Oil is likely to trade with negative bias below 4200 level and an unsuccessful attempt to close above the save will lead crude to fall down to 4170-4100 but a trade above 4245 will bring back the bullish momentum and crude may touch 4300-4320 level.
For Intraday one might sell crude oil below 4190 for the targets 4170-4155-4135 stoploss above 4220
Buy above 4130 For the targets -4145-4175

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Crude Updates : Trading Levels and Intraday tips

Crude Oil is facing intraday Negative trend as prices are trading below short term and medium term MA (moving average), indicating more downside in crude oil. While below 4430 , Crude oil can see the levels of 4400 followed by 4380. If it breaks the crucial level of 4370, sharp downfall may occur till 4280-4250 levels. A rise above 4570 might support Crude Oil To move up with a signal of bullishness.

for Intraday sell Crude oil Below 4420 for the targets of 4380-4370 stop-loss above 4445

above 4555 go for buy for the targets of 4575-4600.

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