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MCX Crude Oil may soon test 200-DMA; Bias for Natural Gas turns neutral


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The MCX Crude Oil futures could dip briefly below the 200-DMA at Rs 7,275 indicates the weekly momentum oscillators. Bias for Natural Gas futures no longer negative.

Topics

Crude Oil Price | Natural gas price | Market trends



Rex Cano  | 
Mumbai 




The MCX Crude Oil futures are within striking distance of its 200-DMA, the key support level which it has been respecting so far. However, the bias remains negative; hence a brief break of the same cannot be ruled out. Meanwhile, the trend for Natural Gas futures has turned neutral from negative.



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First Published: Wed, August 03 2022. 09:24 IST





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