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MTECHTIPS:-CRUDE OIL
Crude oil witnessed consolidation around 5500 levels and closed with almost no gains around the neutral line. Strong weekly support in crude oil is seen below 5440 levels. Any dip below these levels will open up lower levels of 5380 and below. Crude oil will face strong weekly resistance above 5545 levels. Any move in the Crude oil above these levels will open up 5600 in coming days. The outlook is positive in crude oil.
Crude oil witnessed consolidation around 5500 levels and closed with almost no gains around the neutral line. Strong weekly support in crude oil is seen below 5440 levels. Any dip below these levels will open up lower levels of 5380 and below. Crude oil will face strong weekly resistance above 5545 levels. Any move in the Crude oil above these levels will open up 5600 in coming days. The outlook is positive in crude oil.
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