Monday, 23 February 2015

Technical Comment For Day: Crude oil

Technical Comment For Day: Crude oil
Crude Oil declined during the trading session on Friday.

 The prices  settled at Rs 3215 per barrel against Rs 3246 per barrel a day before. Crude Oil tested a high of Rs 3295 and a low of Rs 3200 per barrel.

 The gains above Rs 3250 per barrel is the immediate resistance zone.

 Decline towards Rs 3200 and 3150 per barrel will act as supports in Crude Oil. Volumes were at 163019 lots on 20 Feb 2015 lots against 131882 on 19 Feb 2015. Moving below Rs 3200 will add further pain on the prices 

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