• Home »
  • »
  • MTECHTIPS:-Technical Comment For The Day: Crude Oil

MTECHTIPS:-Technical Comment For The Day: Crude Oil

MTECHTIPS:-Technical Comment For The Day: Crude Oil

Crude oil moved below Rs 2850 on the trading session ending 17 August 2015. On MCX September contract ended at Rs 2837 per barrel on 17 August 2015 against Rs 2843 per barrel on 14 August 2015. Open interest was higher. It is expected that prices will now move towards Rs 2800 per barrel in medium term. On Monday, Crude Oil tested a high of Rs 2853 and a low of Rs 2789 per barrel. Open interest of Crude Oil was at 12045 on 17 Aug against 10182 a day before.

WWW.MTECHTIPS.COM
07489294118-119