Technical Comment For Day: Crude oil 13-Feb-2014

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The settlement for MCX Crude Oil on 12 February 2014 was at Rs 6220 per barrel, up 0.08%. Resistance for Crude Oil is at Rs 6290 and 6300 per barrel. The prices tested a low of Rs 6205 per barrel, and a high of Rs 6280 per barrel on Wednesday. Supports for Crude Oil are at Rs 6190 and 6180 per barrel. This level looks good for buying Crude Oil for price targets near to the Resistance. RSI for Crude Oil was at 67, which indicate a balance situation. NYMEX Light Sweet Crude Oil was trading at $ 100.13 per barrel, down 0.24 cents.