Crude Oil - Dec 14, 2020 - Reliance Securities

Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

WTI Crude Oil is trading on positive note near $47.00 levels above $46.30 will continue its upside momentum up to $47.60-$48.00 levels. Support is at $46.50-$44.90 levels.

MCX Crude December is holding well above 3450 levels to continue upside movement. However below 3420 could see some correction up to 3390-3350 levels. Resistance is at 3475-3520 levels.

*Strategy for Crude Oil December Buy 3450 SL 3400 TGT 3550.*

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Source : Equity Bulls

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