Crude Oil rally is likely to take it close to Rs 6330 per barrel. Crude oil tested a low of Rs 6224 per barrel and settled at Rs 6285 per barrel. The short term supports for Crude are active at Rs 6210 and 6174 per barrel. The initial targets of Crude oil are at Rs 6330 and 6350 per barrel. Increase in Open interest and volumes are a sign that a rally towards the upper cap is possible.
Source by Commodity Insights
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