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MCX Crude Oil may drop to Rs 8,050; Natural Gas likely to bounce back

The MCX Crude Oil futures seem on course to test the 100-DMA around Rs 8,050-level; Select momentum oscillators on Natural Gas have hit oversold territory, thus a pull-back rally can be expected.

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Mumbai

3 min read Last Updated : Jun 22 2022 | 9:43 AM IST

Crude Oil

Bias: Corrective mode

Topics : Crude Oil natural gas commodity trading Commodity derivatives Crude Oil Price Natural gas price Trading strategies Market Outlook technical analysis technical charts

First Published: Jun 22 2022 | 9:33 AM IST

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