Crude oil witnessed a positive session on Monday, as the commodity traded to close the day around 5400 levels. Crude oil has support at lower levels around 5340 any sustained dip below these levels will open up the levels of 5300 levels. Crude oil will face strong intraday resistance above 5420 levels. Any move in the Crude oil above these levels will open up 5480 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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