Crude were relatively flat on Monday in thin post-Holiday trading, as investors continued to drag their feet ahead of next month’s highly-anticipated meeting between OPEC and Non OPEC members.
On technical chart, Very short term trend of crude oil is on chart. On its, , market is taking resistance of 200 . Crude oil is sustaining below 200 & 50 on Hourly Charts. Now it can test the next support of 36.00if it will break the level of 38.30. On higher side it is having resistance of previous significant high of 41.90.