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Crude oil has shown a tremendous recovery last week now immediate
resistance for the commodity is at 5135 levels strong supports is at
5000 levels for the week ahead prices are expected to test it resistance
levels of 5130 levels further course of direction will be decided based on
the weekly crude oil inventory and the Korean issues..
Weekly Strategy.
Buy Crude oil at cmp 5070 and on dips up to 5040 levels
with stops below 4990 for target of 5135 ..
Add further positions above 5135 for next target of 5180 and 5200 levels..
