Crude Technical Comment For 14 July 2015

Crude oil moved above Rs 3400 per barrel in the intra day session. Choppy moves are expected in Crude Oil in coming weeks. The prices ended at Rs 3403 per barrel on 13 July 2015 against Rs 3380 per barrel on 10 July 2015. Volumes were marginally higher in Crude Oil on at 12128. It was expected that prices moving below Rs 3380 will bring more losses. On Monday, Crude Oil tested a high of Rs 3430 and a low of Rs 3311 per barrel. Open Interest was 3378 on 13 July 2015 against 3133 on 10 July 2015.
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