After the Europe zone positive news, all the equities and commodities have pulled up in last four trading sessions. Crude oil also pulled over its resistance level around $90 international markets and breached its 100-day moving average price. Crude oil is now trading around its 200-day moving average price and faced resistance before closing on Friday. Momentum indicator MACD is showing strong buy signal for crude oil. If Crude oil sustains $ 90 in few sessions, it may breach $ 95 and taste the $ 100 once again. In Indian market, Crude oil is trading over 200-day moving average price and has a strong support of Rs. 4371 level. Buying in Crude oil is advised at this level with the strict stop-loss of $89.50.
