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Crude Technical Comment For 22 Apr 2015


Crude Oil for May expiry ended the session at Rs 3593 per barrel. The prices lost from levels of Rs 3680 per barrel on 16 April 2015. The gains for the sixth straight session were held on Friday as the prices moved lower. The prices of Crude Oil ended at Rs 3593 per barrel. The prices moving above Rs 3600 per barrel will act as a psychological fillip for the commodity. Resistance for Crude Oil is at Rs 3650 per barrel. On the lower side Rs 3580 will act as support for Crude Oil. Volumes for Crude Oil were at 152976 against 97980 on 20 April 2015. Open interest declined to 12887 indicating that the short positions are increasing.
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