Energy Market Outlook and Sector Updates: Nirmal Bang

Energy Market Outlook and Sector Updates: Nirmal Bang      Crude oil: The counter traded range bound yesterday between 3185-3250. The Prices remain below all short term moving averages, the RSI remains steady while the -DI remains on the upside. The bias remain on downside but prices may remain positive on breaching the 7 DMA at 3257. While breaching 3180 levels can move downwards to 3150-3125 levels.