Crude oil yesterday jumped by almost 1% and above that above USD 91 a barrel to its highest price in more than two years, as OPEC member Libya's apparent lack of concern over prices prompted, Ultra-cold weather stoking demand and depleting US stockpiles also supported prices. Now technically market is trading in the range as RSI for 18days is currently indicating 69.41, where as 50DMA is at 3946.28 and crude is trading above the same and getting support at 4107 and below could see a test of 4072 level, And resistance is now likely to be seen at 4167, a move above could see prices testing
4192.

Trading Ideas:

Crude trading range is 4072-4192.

Crude on two year highs , as OPEC member Libya's apparent lack of concern over prices prompted.

Crude looks to test support at 4105 and resistance is seen at 4172.

China oil demand increased 14% and about 3% greater than economic growth - IMF

CRUDE OVERRANNED WILL WAIT FOR FRESH ENTRY IMP SUPPORT IS AT 4115. MCX