MTECHTIPS

MTECHTIPS:-CRUDE OIL
Crude oil  witnessed  consolidation  around 5600 levels  after Tuesdays sharp rally. Strong weekly support in crude oil is seen Below  5500 levels. Any dip below  these levels will open up lower levels of  5440 and below. Crude oil will face strong weekly resistance above 5640 levels. Any move in the Crude oil above these levels will open up  5800 in coming days. The outlook is positive in crude oil.