Thursday 10 January 2013

Crudeoil trading levels for 10th January


 Many indicators have given a sell warning for crude, which cannot be neglected.  The crude has resistance at 5148 which it could not reach and closed at 5106. Today we can look for the support level which is at 5076 and 5058. These are the levels to to which the crude can go down. Only when the price crosses 5112 we can consider longs for a target of 5127 and 5148.

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