The prices of MCX Crude Oil have reached a double bottom formation. Crude Oil tested a low of Rs 3747 per barrel and is expected to slip to Rs 3650 per barrel. Crude Oil tested a low of Rs 3714 per barrel and a high of Rs 3787 per barrel. The prices settled at Rs 3776 per barrel. Crude Oil is expected to get resisted at Rs 3882 per barrel. Open interest was at 13155 on 30 June 2015 against 15398 on 29 June 2015. As of now Crude Oil is in a rangebound move trading between Rs 3900 and 3650 per barrel
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