Monday, 4 April 2016

Commodity Natural Gas and Crude Oil Market Prices

Crudeoil on MCX settled down -4.24% at 2463 after a Saudi prince reportedly said the kingdom will not freeze output without Iran and other major producers doing so and data showed the global crude glut was likely to grow.

Technically now Crudeoil is getting support at 2424 and below same could see a test of 2385 level, And resistance is now likely to be seen at 2531, a move above could see prices testing 2599.

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