Tuesday, 1 April 2014

Crude oil Technical Comment For 2nd April

Crude Oil showed sharp downside on Tuesday, with prices closing at Rs 5990 per barrel. The closure below Rs 6000 is again a setback for Crude Oil. The prices are expected to show some more losses towards Rs 5950 per barrel. Crude Oil is in descending triangle pattern. If the trend line set at Rs 5950 per barrel is breached that descending triangle pattern will confirm, setting some more room for losses.

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1 comment:

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