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MTECHTIPS:-CRUDE OIL
Crude oil witnessed some buying at lower levels and the commodity regained the 4700 levels in yesterday’s session. The commodity witnessed buying at lower levels, as the crude oil prices gained in the world markets after a sharp decline in the last week. 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 some buying at lower levels and the commodity regained the 4700 levels in yesterday’s session. The commodity witnessed buying at lower levels, as the crude oil prices gained in the world markets after a sharp decline in the last week. 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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