Crude Oil Technical View
On daily charts, MCX Crude oil reverse from its support of 4700 and took resistance around 4860 if sustain around this level than we expect breakout on higher level. If cross 4860 than it may find next resistance 5025. 4855 is seen as near support zone for it below this it may find next support 4700.
Better strategy in MCX CRUDEOIL is to buy on dips around 4850/4750. For the target of 5035.
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