Energy Market Outlook and Sector Updates: Nirmal Bang

Crude-OilCrude oil: The counter closed positive at the end of the day taking support at the trend line at 3430 levels. The uptrend in the counter is still intact above 3430 levels. However at the ADX, -DI have crossed the +DI on the upside. Thus prices are expected to remain side-ways to down in the range of 3555-3430.