India, Sept. 14 -- Technically Crude Oil market is under fresh selling as market has witnessed gain in open interest by 0. 52% to settled at 1941 while prices down 22 rupees.
Now MCX Crude Oil is getting support at 2703 and below same could see a test of 2664 levels and resistance is now likely to be seen at 2780 a move above could see prices testing 2818.
Crude Oil yesterday settled down by 0.8% at 2743 under pressure from a surprise rise in U.S. stockpiles and ongoing weak demand from the coronavirus pandemic.
U.S. crude oil stockpiles rose last week ending a streak of inventory drawdowns as refiners cut back crude processing due to Hurricane Laura the Energy Information Administration said.
Crude inventories rose by 2 million barrels...