CRUDE OIL TREND :-
Crude oil prices touched an intra-day high of $107.64/bbl and closed at $107.3/bbl on Wednesday. On the MCX, Crude Oil April contract increased by 0.9 percent and closed at Rs.5443/bbl after touching an intra-day high of Rs.5467/bbl yesterday. Crude prices are expected to trade within 5460 to 5370. Any close above 5460 should witness buy interest in the counter.
Crude Oil Support and Resistance :-
Crude Oil (April) : S3 - 5330, S2- 5375, S1- 5420,R1- 5460, R2- 5485, R3- 5520