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MCX CRUDEOIL Technical Trend
Crude oil last week showed choppy movements. On daily charts it moves in an upward channel pattern broke strong resistance of 5440 but gave closing below it. Also gave false breakout of triangle pattern. Now it find support around lower band of channel pattern i.e. 5290. Closing will decide further trend.
Better strategy in MCX CRUDEOIL is to sell below 5290, for the targets of 5200-5150. With stop loss of 5460.