Wednesday, 9 January 2013

Crude oil trading levels for 9th January


The crude although in the up trend mode there can be a small correction. This is what I wrote yesterday. It seems the crude has met its resistance levels.

Fresh longs can be initiated only when the price crosses 5130 and targets of 5163 and 5181 can be expected. Else, crude can test levels of 5096 and 5079 levels are possible.




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