MCX Crude Updates Nymex crude oil prices declined by 1.2 percent yesterday on the back of more than expected rise in US crude oil inventories as per the American Petroleum Institute data. Additionally, a stronger dollar index and Fed’s decision for not going for monetary easing exerted downside pressure on the prices of the commodity. In MCX crude has a support level at 5,234 and a resistance level at 5,322. Our technical report suggest that it is the time to make fresh buy position in MCX crude.....
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