Crude Oil - Dec 28, 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.*

Disclaimer: The recommendations, if any, made herein are expression of views and/or opinions and should not be deemed or construed to be neither advice for the purpose of purchase or sale of any security, derivatives or any other security through RSL nor any solicitation or offering of any investment /trading opportunity on behalf of the issuer(s) of the respective security(ies) referred to herein. These information / opinions / views are not meant to serve as a professional investment guide for the readers. No action is solicited based upon the information provided herein. Recipients should rely on information/data arising out of their own investigations. Readers are advised to seek independent professional advice and arrive at an informed trading/investment decision before executing any trades or making any investments. While due care has been taken to ensure that the disclosures and opinions given are fair and reasonable, none of the directors, employees, affiliates or representatives of RSL shall be liable for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including lost profits arising in any way whatsoever from the information / opinions / views contained herein.

Source : Equity Bulls

Keywords