Crude Oil Updates- Prices may fall further

Crude Oil Prices seems to be falling more due to weak global demand. Support for MCX Crude June Contract is seen near 4375. If prices breach this level, more downfall can be seen towards 4300. Resistance level for crude oil is seen near 4500 and 4575 respectively. The near term trading range for Crude oil futures is 4150-4600.

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