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why crude prices fallen

Discussion in 'Technical Analysis' started by dipali, Jan 10, 2013.

  1. dipali

    dipali New Member

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    Today crude oil on the MCX is looking positive and running with a good support around 5076 and a strong resistance of 5143. Global crude also showing a positive data, US crude oil stock is climbed around 2.4 million barrel last week. This week crude is expected to trade between 5040 and 5190 on the domestic market. Currently crude oil is moving positive and expected to go higher this week. Yesterday crude oil is closed at 5106, and today opens at 5111. Demand in the crude is week in the Last week and expected to same in the first quarter this year.
     
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