Crude Technical Comment For 09 July 2015

Crude oil was again dragged below Rs 3300 per barrel in the intra day session. This was the sixth day in a row Crude Oil moved lower. The prices ended at Rs 3276 per barrel on 8 July 2015 against Rs 3306 per barrel on 7 July 2015. Volumes were marginally in Crude Oil on Monday at 215648. It was expected that prices moving below Rs 3250 will bring more losses. On Thursday, Crude Oil tested a high of Rs 3377 and a low of Rs 3245 per barrel. Open Interest were 17381 on 8 July 2015 against 16828 on 7 July 2015.
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