MCX crude is looking week at this time where all commodities are also down. May be this will reason for downtrend for crude. Today Equity and commodity markets witnessed a major sell-off. But also witnessed some buying interest in last few weeks as nations across the continent stepped up efforts to support their respective economies. So here is so much volatility in these few sessions.
Trend- Technically Crude oil is looking bearish, So it will good to make short position in Crude for short term.
We suggest that sell crude to get the target of 4200 for short term.
