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Caring Your MarketIndex

#CRUDE : Weekly Chart

Crude looks exhausted and can have some relief of getting Cool off


This 5700 can serve as a strong resistance for this and can expect some downmove towards 4700 odd levels

RSI is also showing negative divergence which is giving boost to down move for this.

Keep an eye on this 5700 levels as this level is giving a strong fight for buyers and demand gets dried up at this level

Fresh long is advisable only above 5700 or wait for the confirmation for it

Downside looks eminent till 4700-4500 levels for coming days

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