Crude Oil on Wednesday 12th April 2017, Crude Oil April futures prices down by 4 pts (-0.12%) closed at 3444, trading range between 3432-3478.On the New York, Mercantile Exchange, Crude oil for May delivery on the New York Mercantile Exchange to settle at $53.11 a barrel.

Technical Outlook:

Crude oil prices closed below resistance place and short term support has been revised to 3388. International crude oil prices have already reached three levels of target. As a result of our currency appreciation we have met only second target, almost 100 points discounted.

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