Crude Oil prices for January expiry slipped sharply by 1.82 percent in the session ending 10 Jan 2017. The prices closed at Rs 3,509 per barrel, down INR 65.
The prices tested a high of Rs 3,575 per barrel before the closing. On the lower side Rs 3,500 per barrel was tested. Resistance for Crude Oil is at Rs 3550 per barrel.
Supports for Crude Oil is at Rs 3,490 per barrel is support for Crude Oil. Bearish candles have been forming in Crude Oil indicating that the slide can be more furious in coming sessions if trend sustains.
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Technical comment for the day: Crude Oil