MTECHTIPS

MTECHTIPS:-CRUDE OIL
Crude oil continued its consolidation around 5300 levels and the commodity was range bound with positive bias. Strong weekly support in crude oil is seen below 5200 levels and till it manages to hold above these levels we may see some pull backs. Any dip below these levels will open up lower levels of 5100 and below. Crude oil will face strong weekly resistance above 5340 levels.Any move in the Crude oil above these levels will open up 5380 levels.