Energy::: It was highly expected that economies are thinking to re-open their economic activities so that GDP numbers could get some support, unemployment levels could get restricted and oil prices will rebound from its multi-year low levels. However, the consecutive slippage in the crude oil inventories held by U.S. firms came out of the blues. On Wednesday, the Energy Information Administration reports a plunge in the crude stockpiles by 4.893 million barrels that shocked the market and a confident rally was witnessed in the oil prices. It states that the U.S. firms have opted for lower production of crude oil as they were out of storage capacity earlier, which would have forced them to opt for laying-off their employees. On hourly scale, MCX Crude Oil has continued its bullish regime after giving a breakout of Bullish Pennant’ pattern that signals for continuation of after a consolidated move and possesses high reliability. The 50-hours Exponential Moving Average will continue to act as a major support for the counter.