News Oil & Gas

Bias negative for MCX Crude Oil; Natural Gas may slide below Rs 500-mark


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The bias for MCX Crude Oil September futures is likely to favour the bears as long as the commodity trades below Rs 7,170; For MCX Natural Gas futures the key support range of Rs 630 – Rs 620.

Topics

Crude Oil | Natural gas price | commodity trading



Rex Cano  | 
Mumbai 




The bias for MCX Crude Oil September futures is likely to remain negative as long as the contract trades below Rs 7,170-level; Similarly, the upside for Natural Gas futures seems capped around Rs 718. On the downside a steep fall towards it 200-DMA cannot be ruled out.



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First Published: Wed, September 07 2022. 08:53 IST





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