Energy: Oil
price gains after stock market recovers from low after shock of Britain's vote
to leave the European Union. Prices were also supported by supply fundamentals,
as a looming strike by Norwegian oil and gas field workers threatened to cut
output from the biggest North Sea producer. In mcx crude oil may open near
3280-3290.
American Petroleum Institute (API) indicated in a preliminary
report on Tuesday that crude inventories could have fallen nearly 4 million
barrels for the week to June 24, some two-thirds more than the 2.4 million
barrels expected by analysts.
|
COMMODITY
|
S2
|
S1
|
R1
|
R2
|
TREND
|
RANGE
|
|
Crude oil
|
3200
|
3230
|
3330
|
3400
|
SIDEWAYS
|
3200-3400
|
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