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Crude Technical Comment For 20 July 2015



Crude oil moved below Rs 3300 per barrel in the intra day session. The prices have been sinking to lower highs from last 8 days. Crude Oil ended at Rs 3250 per barrel on 17 July 2015 against Rs 3297 per barrel on 16 July 2015. Volumes were at 16806 on 17 July 2015 against 14067 on 16 July 2015. It was expected that prices moving below Rs 3300 will bring more losses and that has been the case for Friday. On Friday, Crude Oil tested a high of Rs 3297 and a low of Rs 3229 per barrel. Open Interest was 7104 on 17 July 2015 against 6053 on 16 July 2015.
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