MTECHTIPS:-CRUDE OIL
Crude oil witnessed consolidation above 5450 levels and closed with very strong gains for the day. Strong weekly support in crude oil is seen below 5400 levels. Any dip below these levels will open up lower levels of 5360 and below. Crude oil will face strong weekly resistance above 5545 levels. Any move in the Crude oil above these levels will open up 5600 in coming days.The outlook is positive in crude oil.
Crude oil witnessed consolidation above 5450 levels and closed with very strong gains for the day. Strong weekly support in crude oil is seen below 5400 levels. Any dip below these levels will open up lower levels of 5360 and below. Crude oil will face strong weekly resistance above 5545 levels. Any move in the Crude oil above these levels will open up 5600 in coming days.The outlook is positive in crude oil.
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