Precious Metal::: MCX Crude Oil is trading at 4,043 levels, similar to its previous close. The black gold is likely to dance on the tunes of Energy Information Administration that will disclose the crude oil inventories held by U.S. firms last week, which further guide the direction of the counter. On hourly scale, MCX Crude Oil is trading near the kissing distance of its potential resistance that is placed at 4,043 levels. RSI is trading at 57.35 levels and likely to extend after breaching the 60 levels. Stochastic oscillator is hinting for consolidation.