MTECHTIPS:See range bound trend in Crude Oil
MTECHTIPS
MTECHTIPS:See range bound trend in Crude Oil
Mtechtips has come out with its report on CrudeOil. The research firm expects Crude Oil prices to continue their downside movement on weak global cues. Technically, expect prices to trade in a confined range for the day.Crude oil prices today are trading below USD97/bbl, with a loss of more than half a percent in the international market. Oil prices fell due to concerns of lower fuel demand as economic releases from China and Japan have shown sluggish momentum from the nations. As we predicted in our weekly economic report, the leading manufacturing index of Japan declined more than expected in the first quarter while manufacturing activities from China increased at a slower pace than expected.
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