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MTECHTIPS:-CRUDEOIL
Crude oil witnessed another day of trading around the 4900 levels and the commodity closed around it. Crude oil has support at lower levels around 4860 any dip below these levels will open up the levels of 4800 levels. Crude oil will face strong intraday resistance above 4960 levels. Any move in the Crude oil above these levels will open up 5030 levels. The commodity has bounced back above the 4800 levels and if it holds above the 4800 levels positive moves may be seen.
Crude oil witnessed another day of trading around the 4900 levels and the commodity closed around it. Crude oil has support at lower levels around 4860 any dip below these levels will open up the levels of 4800 levels. Crude oil will face strong intraday resistance above 4960 levels. Any move in the Crude oil above these levels will open up 5030 levels. The commodity has bounced back above the 4800 levels and if it holds above the 4800 levels positive moves may be seen.
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