MCX Crude Oil under long liquidation Support seen at 4009
India, Nov. 11 -- Technically Crude Oil market is under long liquidation as market has witnessed drop in open interest by 16. 3% to settled at 16847 while prices down 17 rupees.Now MCX Crude Oil is getting support at 4009 and below same could see a test of 3941 level and resistance is now likely to be seen at 4116 a move above could see prices testing 4155.Crude Oil on MCX settled down 0.42% at 4076 weighed down by lingering uncertainty about how close the United States and China were to a trade deal and on rising U.S. crude inventories.Oil prices have also been under pressure since OPEC Secretary-General Mohammad Barkindo said that he was more optimistic about the outlook for 2020 appearing to downplay any need to cut output more deeply. T...
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