Energy Market Data and Market Trading Tips from Technical Analysts

OPECCrude oil: The counter turned downwards yesterday after a sharp upside in earlier two sessions. The Counter is expected to take support at the 3445 levels (the previous level and 40 DMA) and move upwards. The uptrend from 3300 can remain intact as the RSI is seen picking up with a positive crossover in the ADX. However breaching 3445 can trigger selling in the counter for the day, targeting 3395 and 3380.