Gold Silver Reports — Technically Crude Oil market is under fresh selling as market has witnessed gain in open interest by 7.28% to settled at 30633 while prices down 72 rupees.
Crude tips
Crude Oil MCX Support Key Level at 2918
Gold Silver Reports — Technically Crude oil market is under short covering as market has witnessed drop in open interest by 0.84% to settled at 18773 while prices up 11 rupees.
Crude MCX Under Selling Support Key Level at 2817
Crude Oil MCX Trading Level Zone 3110-3225
Gold Silver Reports — Technically market is getting support at 3135 and below same could see a test of 3110 level, And resistance is now likely to be seen at 3190, a move above could see prices testing 3224.
CRUDE OIL FUTURES POSTS THIRD STRAIGHT WEEKLY LOSS
Gold Silver Reports — Crude oil futures edged higher Friday, but posted a third straight weekly loss amid further signs of robust U.S. production. Baker Hughes said the number of active U.S. rigs drilling for oil rose by 21 to 652 rigs this week, having surged higher just about every week this winter. U.S. crude oil inventories are already at record highs. The EIA said Wednesday that stockpiles rose another 4.5 million barrels last week.