Technical Comment For Day: Crude oil 07-Feb-2014


The settlement for MCX Crude Oil on 6 February 2014 was at Rs 6075 per barrel, down 0.3%. Resistance for Crude Oil is at Rs 6150 and 6180 per barrel. The prices tested a low of Rs 6066 per barrel, and a high of Rs 6182 per barrel on Thursday. Supports for Crude Oil are at Rs 6050 per barrel. RSI for Crude Oil is near to 55, which indicate a balance situation. A call can be taken to sell Crude Oil near to Rs 6150 per barrel, for price targets of Rs 6050 per barrel. Stops can be maintained at Rs 6190 per barrel. NYMEX Light Sweet Crude Oil was trading at $ 97.8 per barrel, unchanged from last night.