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Crude Technical Comment For 17 Apr 2015


Crude oil prices gained for the sixth straight session and ended the day at Rs 3559 against Rs 3496 a day before. The prices of Crude Oil are now close to resistance of Rs 3600 per barrel. Gains above those levels on closing basis can lead to some more appreciation towards Rs 3700. Meanwhile decline below Rs 3450 will bring fresh shorting. Crude Oil tested a high of Rs 3580 and a low of Rs 3435 per barrel. Volumes were at 192190 lots on 16 April 2015 lots against 200046 lots on 15 April 2015.
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