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MTECHTIPS:-CRUDE OIL
Crude oil witnessed strong resistance at higher levels and traded sideways, unable to break above the resistance of 4700. The commodity has support at lower levels around 4600 any sustained dip below these levels will open up the levels of 4540 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 strong resistance at higher levels and traded sideways, unable to break above the resistance of 4700. The commodity has support at lower levels around 4600 any sustained dip below these levels will open up the levels of 4540 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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