Crude Oil lost the opportunity to gain further above Rs 3000 and are now seen consolidating below that levels. The prices settled at Rs 2941 against 2983 per barrel a day before. The prices tested a high of Rs 3007 and a low of Rs 2911 per barrel. The losses has been marginal but have halted the bottom fishing that was evident. Decline towards Rs 2900 will act as supports in Crude Oil. Volumes were at 148770 lots on 20 Jan 2015 against 102070 lots on 19 Jan 2015. On the lower side, supports for Crude Oil, which can be formidable for medium term is at Rs 2800
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