Oil......
The profit booking pressure is active in Crude Oil and the prices are expected to continue to suffer in the hands of bears. Further pressure from Rs 6300 per barrel is expected to be created in the contract. The prices managed to close near to the highest point of the day at Rs 6261 per barrel. A breach of Rs 6220 and 6200 per barrel is likely after the formation of shooting star pattern in the candlesticks.
The profit booking pressure is active in Crude Oil and the prices are expected to continue to suffer in the hands of bears. Further pressure from Rs 6300 per barrel is expected to be created in the contract. The prices managed to close near to the highest point of the day at Rs 6261 per barrel. A breach of Rs 6220 and 6200 per barrel is likely after the formation of shooting star pattern in the candlesticks.
Source by Commodity Insights
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