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Crude Oil Technical OUtlook for intraday trader

MCX Crude oil April contract closed 81 rupees down at 3037. Now today support will be around 2970 if sustain below this level a sharp decline possible for 2911-2855. Resistance is around 3155 and then at 3220 if sustained above 3155 then it will move for 3211-3300-3350 and more upside.

Crude Oil trading range for the day is support at 2970 and resistance at 3160.

Recommendation:

Crude Oil buy above 3160 sl below 3108 trgt 3219-3311 and more.

Selling only below 2970 sl above 3008 trgt 2911-2855 and more. 

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