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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 as the commodity moved in a sideways moves. The commodity found support at lower levels around 5040. Strong support in crude oil is seen below 4940 levels. Any dip below these levels will open up lower levels of 4900 and below. Crude oil will face strong intraday resistance above 5150 levels. Any move in the Crude oil above these levels will open up 5240 levels.
Crude oil witnessed selling pressure in yesterday’s session, as the commodity failed to hold on to the gains as the commodity moved in a sideways moves. The commodity found support at lower levels around 5040. Strong support in crude oil is seen below 4940 levels. Any dip below these levels will open up lower levels of 4900 and below. Crude oil will face strong intraday resistance above 5150 levels. Any move in the Crude oil above these levels will open up 5240 levels.
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