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Monday, September 20, 2021

CRUDE OIL UPDATES FOR SEPT 20 20121

 MONDAY 


MORNING UPDATES


Mcx Crude Oil Updates
Crude oil prices have opened lower as the dollar strengthened and FOMC meeting later this week .
FED is expected to signal towards scaling down stimulus .
Mcx Crude oil currently trading at Rs 4261
Immediate resistance seen at Rs 5295
and supports at Rs 5240
Crude currently trading above $ 71
There has been a fall in the Hong kong markets
The FED outcome is weighing heavily on the market sentiment .
Levels in the MCX

Support 1 5236


Support 2 5220

Support 3 5190

Resistance 1 5290

Resistance 2 5320

Resistance 3 5260

We will keep updating the levels