India, Sept. 11 -- Technically Crude Oil market is under long liquidation as market has witnessed drop in open interest by 7. 39% to settled at 1931 while prices down 39 rupees.
Now MCX Crude Oil is getting support at 2730 and below same could see a test of 2694 levels and resistance is now likely to be seen at 2800 a move above could see prices testing 2834.
Crude Oil yesterday settled down by 1.39% at 2765 on worries about fuel demand after data showed U.S. crude stockpiles rose last week rather than dropping as expected and COVID-19 cases continued to rise around the world.
U.S. crude oil and distillate stockpiles rose last week while gasoline inventories fell data from industry group the American Petroleum Institute showed.
Crude in...