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Friday, February 3, 2012

Crude Updates: Trend and Outlook

Yesterday, Crude Oil fell dur to weak demand which continued to generate bearish sentiment. Today, Crude Oil prices are expected to trade higher as the prices has tested important support around 4700. The prices are expected to test 4782 – 4800 resistance levels.

Crude Oil (Feb) Support: 4752 - 4852.
Resistance: 4873 - 4953.

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