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MCX Evening Wrap: Crude oil sees sharp bounce in intraday moves, Natural Gas in red
31-Oct-2024 17:44
Crude oil futures bounced sharply after falling in the first half of the session on Thursday. The benchmark futures on the MCX fell under previous close at Rs 5760 per barrel before rebounding impressively and currently quote at Rs 5824 per barrel, up 1% on the day. Recent price action is witnessing some upside resistance in Rs 5820-5830 zone. The counter had topped out around the same levels in morning trades too. Natural Gas futures are firmly in red though, currently trading down 1.29% at Rs 236.70 per mmbtu. An intraday spike just above Rs 238 mark has failed to hold on in last one hour of trade.

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