MCX Crude Technical Comment For 19 Oct 2015

Prices of Crude Oil gained in the session ending Friday. On MCX benchmark contract ended at Rs 3107 per barrel on 16 October 2015 against Rs 3045 per barrel on 15 Oct 2015. Open interest gained during session ending Friday. Crude Oil tested a high of Rs 3130 and a low of Rs 3049 per barrel. Open interest of Crude Oil was at 9354 on 16 October against 9494 day before. Support for Crude oil is at Rs 3000 while resistance for Crude Oil is at Rs 3150.
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