AHMEDABAD (Commodity Online): Crude oil prices traded with positive sentiments today on MCX. Crude oil October contract opened slightly higher at 4075 rupees per BBL and trade firm during morning session.
“Technically, Crude oil price are expected to remain steady for this week. Today, US markets are close due to Columbus holiday, so low volume trading is expected today,” said Amrita Mashar, Analyst with Commodity Online.
Immediate strong support can be seen near 4080 and resistance looks at 4130 rupees. Price may move 50 rupees on either side on condition to break support and resistance in today’s session. overall trend is looking positive for coming days.
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