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MTECHTIPS:-CRUDE OIL
Crude oil declined sharply on Friday to close the session with heavy losses as crude prices cooled off in the global markets. Strong support in crude oil is seen below 5200 levels. Any dip below these levels will open up lower levels of 5130 and below. Crude oil will face strong weekly resistance above 5350 levels.Any move in the Crude oil above these levels will open up 5420 in coming days. The outlook is sideways in crude oil.
Crude oil declined sharply on Friday to close the session with heavy losses as crude prices cooled off in the global markets. Strong support in crude oil is seen below 5200 levels. Any dip below these levels will open up lower levels of 5130 and below. Crude oil will face strong weekly resistance above 5350 levels.Any move in the Crude oil above these levels will open up 5420 in coming days. The outlook is sideways in crude oil.
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