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MTECHTIPS:- CRUDE OIL
Crude oil witnessed another session of sharp decline as oil prices around the globe cooled off. Some support is seen at lower levels as the commodity is testing crucial support zones of 4650 and below. The commodity has support at lower levels around 4650 any sustained dip below these levels will open up the levels of 4580 levels. Crude oil will face strong intraday resistance above 4740 levels. Any move in the Crude oil above these levels will open up 4800 levels.
Crude oil witnessed another session of sharp decline as oil prices around the globe cooled off. Some support is seen at lower levels as the commodity is testing crucial support zones of 4650 and below. The commodity has support at lower levels around 4650 any sustained dip below these levels will open up the levels of 4580 levels. Crude oil will face strong intraday resistance above 4740 levels. Any move in the Crude oil above these levels will open up 4800 levels.
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