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FxWirePro-Crude oil Daily Outlook 
- USD/INR is currently trading around 67.86 marks.
- It made intraday high at 67.98 and low at 67.79 marks.
- Intraday bias remains neutral for the moment.
- Key resistances are seen at 68.01, 68.21, 68.39, 68.49, 68.63, 68.72, 68.85 and 69.52(August, 2013 high) marks respectively.
- On the other side, initial supports are seen at 67.77, 67.64, 67.50, 67.32, 67.26, 67.19, 66.82, 66.68, 66.50, 66.28, 66.10, 65.95 and 65.81 marks respectively.
- In addition, India’s NSE Nifty was trading around 0.60 percent higher at 8,240.70 points and BSE Sensex was trading at 0.48 percent higher at 26,755 points.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.
