Energy Market Outlook and Sector Updates: Nirmal Bang

Energy Market Outlook and Sector Updates: Nirmal Bang     Crude oil: The counter is seen strongly resisting the trend line on the upside. The Prices have moved sharply lower below all the moving averages. At the same time prices have strong support at the 3300 levels. Thus the downside is expected to cap at this levels. However breaching 3280 levels can trigger fresh selling in the counter till 3230-3200.