The momentum oscillator RSI was in a bearish crossover. “The trend is likely to remain weak as long as it remains below the 17,000 level. On the lower end, 16,800-16,830 levels will likely remain key support points. On the higher end, resistance is visible at 17,000,” said Rupak De, Senior Technical Analyst at LKP Securities.
Oil Price Today (July 20): Crude oil jumps 3%, crosses $90 as US and Iran exchange attacks. $100 in sight?
Brent crude futures rose $2.69, or 3.05%, to $90.79 a barrel, their highest level since June 11. The benchmark extended last week’s rally, when it