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Crude Technical Comment For 16 July 2015



Crude oil moved below Rs 3350 per barrel in the intra day session. The prices have been sinking to lower highs from last 12-15 days. Crude Oil ended at Rs 3333 per barrel on 15 July 2015 against Rs 3395 per barrel on 14 July 2015. Volumes were at 13508 on 15 July 2015 against 16508 on 14 July 2015. It was expected that prices moving below Rs 3275 will bring more losses. On Wednesday, Crude Oil tested a high of Rs 3438 and a low of Rs 3318 per barrel. Open Interest was 4891 on 15 July 2015 against 3792 on 14 July 2015.
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