P_hetalben

Can crude give breakthrough at MCX??

Long
MCX:CRUDEOIL1!   CRUDE OIL FUTURES
As seen earlier crude was moving long term upward direction. Which support was broken 3478 at MCX due to CORONA impact globally now again it comes in that channel with break out 3478 levels and Break downward channel resistance of 3844(not exact) at MCX also supported by Energy policy of BIDEN government.

So I feel again crude can be seen in positive momentum.

Disclosure:- I am not having Crude position in my portfolio also this is only for study and educational purpose. One should take trade with advice of there financial advisor.