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MTECHTIPS:-CRUDE OIL
Crude oil witnessed some buying interest in the last session and gained as the commodity recovered in the world markets. Strong support in crude oil is seen below 4980 levels. Any dip below these levels will open up lower levels of 4900 and below. Crude oil will face strong intraday resistance above 5100 levels. Any move in the Crude oil above these levels will open up 5160 in coming days. We expect some consolidation in Crude oil before it takes any direction,.
Crude oil witnessed some buying interest in the last session and gained as the commodity recovered in the world markets. Strong support in crude oil is seen below 4980 levels. Any dip below these levels will open up lower levels of 4900 and below. Crude oil will face strong intraday resistance above 5100 levels. Any move in the Crude oil above these levels will open up 5160 in coming days. We expect some consolidation in Crude oil before it takes any direction,.
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