Technical Comment For Day: Crude oil
Crude Oil continued gains for second straight trading day of the week. The prices settled at Rs 3308 per barrel against Rs 3260 per barrel a day before.
Crude Oil tested a high of Rs 3340 and a low of Rs 3221 per barrel. The gains above Rs 3400 per barrel is the immediate resistance zone. Decline towards Rs 3250 will act as supports in Crude Oil.
Volumes were at 175677 lots on 9 Feb 2015 lots against 230137 on 6 Feb 2015. Resistances for the contract that will be critical in medium term will be at Rs 3350, and Rs 3380 per barrel.
Crude Oil continued gains for second straight trading day of the week. The prices settled at Rs 3308 per barrel against Rs 3260 per barrel a day before.
Crude Oil tested a high of Rs 3340 and a low of Rs 3221 per barrel. The gains above Rs 3400 per barrel is the immediate resistance zone. Decline towards Rs 3250 will act as supports in Crude Oil.
Volumes were at 175677 lots on 9 Feb 2015 lots against 230137 on 6 Feb 2015. Resistances for the contract that will be critical in medium term will be at Rs 3350, and Rs 3380 per barrel.
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