Mcx:

Crude Oil is Trading @ 5006, Charts indicate weakness.

As it is trading in a narrow range between 5000 – 5040,

From past week crude is trying to breach & sustain above 5200 level,

But was unable to hold the strength & gave sharp correction,

Relative Strength Index indicates bearish mode for near term.

“ We Expect it may correct upto 4850 – 4600 in coming days ”