MCX Crude Oil remains range-bound; Natural Gas can bounce back to Rs 255

The MCX Natural Gas futures need to sustain above Rs 209-level, break and sustained trade above Rs 224 can trigger a rally towards Rs 255.

Oil prices, Oil
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Photo: Bloomberg

Rex Cano Mumbai
The MCX Crude Oil futures continue to remain range-bound, with near resistance seen in the range of Rs 6,381 - Rs 6,420 range. On sustained trade above the same, Crude Oil futures can rally towards the higher-end of the anticipated trading range. 

Meanwhile, Natural Gas futures are looking to bounce back from oversold territory. The commodity needs to sustain above Rs 209, for a potentially rally towards Rs 255 in the near term.

Crude Oil

First Published: Feb 08 2023 | 09:12 AM IST

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