Sunday, 18 December 2011

CRUDE

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For the next week we expect Crude prices to find Resistance at 5080-5100 levels. Trading consistently
above 5100 levels would renew the previous rally initially towards 5266 levels, and then finally towards
5390 levels.
Crucial Support is now observed at 4910-4890 levels. Trading below 4890 levels would trigger a sharp fall
initially towards 4795 levels and then finally towards the Major support at 4685 levels.



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