After a week of jostling between parallel patterns, Crude Oil has seen change in moves. The prices gained by 1.85% to Rs 6162 per barrel. The move is having significance because it has managed to break the trendline resistance that was set at Rs 6130 per barrel. The next move in Crude can now be towards Rs 6219 per barrel. Meanwhile, supports for Crude Oil are set at Rs 6060 per barrel. Crude Oil on MCX also managed to break the 100 day Exponential moving average set at Rs 6129 per barrel. Any losses for Crude Oil are expected to be limited at Rs 6110 per barrel. On NYMEX, futures were trading in a marginal red zone at $ 102.27 per barrel, down 0.29 cents.
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