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MCX Crude Oil can fall to Rs 5,900; Natural Gas may soon test Rs 500-mark

The MCX Crude Oil October futures are likely to test major support of 100-WMA around the Rs 5,900-level. Whereas, for the week, Rs 530-level is the key support for Natural Gas futures.

Topics
Crude Oil Prices | Natural gas price | commodity trading

Rex Cano  |  Mumbai 



oil

The overall trend for both the energy-based commodities - Crude Oil and Natural Gas is negative as per the charts. The MCX Crude Oil futures seem on course to test the 100-WMA placed at Rs 5,900-level, while the Natural Gas futures could soon test the 200-DMA around the Rs 500-mark.

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First Published: Wed, September 28 2022. 09:40 IST

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