🛢TECHNICAL UPDATE ON CRUDE OIL – SEP MCX
Crude Oil Sep MCX is trading around 8420, down ₹220 (-2.50%). Price has slipped sharply from the 8800 high, indicating increased selling pressure.
Trend: Short-term momentum has weakened after the sharp correction.
RSI: Around 58, still in the positive zone but showing scope for further weakness.
MACD: Remains positive, though momentum has started to moderate.
Key Levels: 8250 is the first support, followed by 8100. 8800 remains the key resistance.
3September 4, 2026 1.4K 5
