Crude oil on Wednesday showed trend of bearishness. Supports emerging at Rs 2200 per barrel were broken during the day. The prices closed exactly at Rs 2200 per barrel. Open interest regained on Tuesday an indicator that selling came with increase in short positions. Even the volumes gained sharply. Open interest was 23230 on 23 Feb 2016 against 20524 on 22 Feb 2016. Crude Oil tested a high of Rs 2316 per barrel and a low of Rs 2192 per barrel. The prices closed at Rs 2200 per barrel on 23 Feb 2016 against Rs 2329 per barrel on 22 Feb 2016.
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