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MTECHTIPS:-CRUDE OIL
Crude oil witnessed some buying at lower levels and the commodity held strongly above 4700 levels in yesterday’s session. 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. The outlook remains sideways and strong support at lower levels is seen.
Crude oil witnessed some buying at lower levels and the commodity held strongly above 4700 levels in yesterday’s session. 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. The outlook remains sideways and strong support at lower levels is seen.
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