MCX Crude Oil under long liquidation Support seen at 4176
India, Jan. 10 -- Technically Crude Oil market is under long liquidation as market has witnessed drop in open interest by 17. 74% to settled at 14559 while prices down 23 rupees.Now MCX Crude Oil is getting support at 4176 and below same could see a test of 4115 levels and resistance is now likely to be seen at 4300 a move above could see prices testing 4363.Crude Oil on MCX settled down 0.54% at 4237 as higher U.S. crude inventories and easing worries about U.S.-Iran standoff pushed down prices for a second straight session. Gains were muted as Washington and Tehran looked to defuse a crisis in the crude-producing region.Iraqi oil facilities are secured and the country's production is continuing OPEC's Secretary General Mohammed Barkindo s...
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