Crude oil at 3-year high, WTI may cross $70 mark soon

At MCX, crude oil settled at Rs 4,531 per barrel in the previous week. Crude oil is having strong support in price zone of Rs 4,470-4,450. If crude oil is able to sustain above Rs 4,450 per barrel, we expect it could rally up to Rs 4,580-4,670-4,800, sustain and close below Rs 4,450. This will trigger selling …

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