Wednesday, 9 March 2016

Mcx Market News On Energy

MCX Crude oil. It suggests that prices are making higher highs and lows. After cross immediate resistance of 2400, prices gained sharply above 2500 in yesterday’s session. It is expected to extend its upside rally upto 2665 levels. On the flip side, immediate support is located at 2400 levels.

MCX Natural gas. It suggests that prices have given breakout from top to top trendline. It is expected to gain upside till 121 and 125 levels. On the flip side, immediate supports are located at 114.50 and further at 111 levels. Momentum indicator RS is supporting bullish view.

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