Crude Oil - Dec 29, 2020 - Reliance Securities

Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

WTI Crude Oil is trading on flat note where it hold a strong support of 21-Daily Moving Average which is placed at $46.90 levels above which could see a bullish momentum up to $48.62-$49.82 levels. Support is at $46.50-$45.00 levels.

MCX Crude Oil January is sustaining below 3600 levels. However it will continue its positive momentum above 3470 levels. Support is at 3520-3460 levels. Resistance is at 3590-3620 levels.

*Strategy for Crude Oil December Buy 3520 SL 3470 TGT 3620*
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Source : Equity Bulls

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