Monday, 8 October 2012

MTECHTIPS CRUDEOIL

MTECHTIPS:-CRUDEOIL

Crude oil  again sustained around the 4650 levels and the commodity closed around 4780 levels. Crude oil has support at lower levels around 4690 any dip below these levels will open up the levels of 4580 levels. Crude oil will face strong intraday resistance above 4840 levels. Any move in the Crude oil above these levels will open up  4880 levels. The  commodity  has broken the crucial support of 4800, and if breaches 4600 levels we may soon witness 4400 levels.

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