Crude Updates- Crude Likely to remain in downtrend

Crude Oil prices are likely to remain bearish due to weak demand. On MCX crude oil prices may touch 4000-3950 Level in near term.
On the downside support for crude is seen near 4035 and below it prices may fall down to 3935 levels.
The Resistance for cruds is seems to be at 4200 above which the next resistance is 4300.
Trading range for crude oil is 3950-4250 for near term.


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