Oil Further Dips Follow Bearish Trend, live MCX tips for crude today

OIL future Slip into negative territory in Asian trade on Monday as U.S. oil prices dropping below the $42 a barrel mark due to that  the market remained under selling pressure.

On the MCX Platform oil futures have fallen for the last seven consecutive sessions  losing 1.6 percent to close at Rs.2780 per barrel.

Also, prices were under pressure as Bearish data included an increase in the U.S. oil-rig count by two stockpiles intensified worries over a growing global glut.  A rise in the dollar is expected to strengthen further, weighing on oil prices

MCX Crude Oil Tips Today

MCX Crude Oil AUG: Sell at 2780 Target  2746 with SL 2820

MCX Energy Tips Tomorrow| MCX Crude Oil May Trade Higher

Commodity Plus 

Wednesday market ended higher. Mcx crude oil bullish  note on trading by 0.51 percent at Rs.3928/bbl.Costs are ascending before a U.S. government report anticipated that would demonstrate local unrefined inventories fell for an eighth week.

However In the international Market oil trading in red as Greece proposal to its creditors has been rejected.

Buy Mcx Crude @ 3890-3940

Target at-3945-3990

SL below -3866