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MTECHTIPS:-CRUDE OIL
Crude oil witnessed selling pressure in yesterday’s session, as the commodity failed to hold on to the gains made yesterday. The commodity found support at lower levels around 5070. Strong support in crude oil is seen below 5050 levels. Any dip below these levels will open up lower levels of 4980 and below. Crude oil will face strong intraday resistance above 5120 levels.Any move in the Crude oil above these levels will open up 5160 levels.
Crude oil witnessed selling pressure in yesterday’s session, as the commodity failed to hold on to the gains made yesterday. The commodity found support at lower levels around 5070. Strong support in crude oil is seen below 5050 levels. Any dip below these levels will open up lower levels of 4980 and below. Crude oil will face strong intraday resistance above 5120 levels.Any move in the Crude oil above these levels will open up 5160 levels.
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