India, Sept. 30 -- Technically Crude Oil market is under fresh selling as market has witnessed gain in open interest by 27. 98% to settled at 1395 while prices down 112 rupees.
Now MCX Crude Oil is getting support at 2811 and below same could see a test of 2745 levels and resistance is now likely to be seen at 2969 a move above could see prices testing 3061.
Crude Oil yesterday settled down by 3.75% at 2877 as fears resurfaced once again about the trajectory of global demand amid prospects of a full winter of coronavirus-driven restrictions on economic activity.
Iranian oil exports have risen sharply in September in defiance of U.S. sanctions three assessments based on tanker tracking showed throwing a lifeline to the Islamic Republic an...