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MTECHTIPS:-Technical Comment For The Day: Crude Oil

MTECHTIPS:-Technical Comment For The Day: Crude Oil

Prices of Crude Oil moved up for the fourth day in a row. Crude oil closed above Rs 3200 on the trading session ending 31 August 2015. On MCX September contract ended at Rs 3230 per barrel on 31 August 2015 against Rs 3005 per barrel on 28 August 2015. Open interest lost during session ending Friday. On Monday, Crude Oil tested a high of Rs 3260 and a low of Rs 2917 per barrel. Open interest of Crude Oil was at 18773 on 31 Aug against 18975 a day before.
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