Home Commodities MCX Crude Oil futures likely to exhibit high volatility in the near...

MCX Crude Oil futures likely to exhibit high volatility in the near term

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Sustained trade below Rs 6,940-level, can trigger a sharp slide in MCX Crude Oil August futures; Bias for Natural Gas futures has turned marginally negative.

Topics

Crude Oil Price | Natural gas price | commodity trading



Rex Cano  | 
Mumbai 




The MCX futures are likely to trade on a volatile note as the fight between the bulls and the bears is likely to get intense, with momentum oscillators showing signs of turning favourable on the daily chart, but remaining unfavourable on the weekly chart. On the other hand, the bias for Natural Gas futures has turned marginally negative.



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First Published: Wed, August 10 2022. 09:37 IST

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