Crude oil witnessed a negative session yesterday, as the commodity traded weak to test 5250 levels. Crude oil has support at lower levels around 5220 any sustained dip below these levels will open up the levels of 5160 levels. Crude oil will face strong intraday resistance above 5340 levels. Any move in the Crude oil above these levels will open up 5400 levels. The commodity is in a uptrend and consolidation at current levels will be positive sign and we may soon test 5500 levels.
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