Kshitij Consultancy Services
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Morning Briefing We have been tracking the resistance of 54.20 in Brent and 51.20 in WTI for the last few days and they have held, driving the energy pack down as expected. Both Brent (53.60) and WTI (5.73) have already lost approx 20 pips in the opening hour and the chances of more sideways movement in the range of 52.50-51.20 for Brent and 49.17-51.20 for WTI are stronger now. Both Brent and WTI are overbought in short term time frame thus chances of a fall towards their respective supports can’t be ruled out.
Last Updated Open High Low LTP
23-May-17 51.05 51.42 50.62 50.78
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