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Crude Technical Comment For 10 July 2015



Crude oil moved above Rs 3300 per barrel in the intra day session. Choppy moves are expected in Crude Oil in coming weeks. The prices ended at Rs 3361 per barrel on 9 July 2015 against Rs 3276 per barrel on 8 July 2015. Volumes were marginally in Crude Oil on Thursday at 164705. It was expected that prices moving below Rs 3250 will bring more losses. On Thursday, Crude Oil tested a high of Rs 3398 and a low of Rs 3309 per barrel. Open Interest were 15361 on 9 July 2015 against 17381 on 8 July 2015.
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