The mcx crude oil is trading with a sideways trend and crude oil is in rally is likely to halt near the intermediate level of 5390 / 5400 region currently mcx crude oil is trading in a gain with a gain (0.24 %) at 5355 levels. However, rupture above 5425 region could be signs of a major rally towards 5500 region. The inability to break above the intermediate level is likely to call for a push lower towards 5345 / 5320 region. Crack below 5305, could see bears gaining vigor towards 5275 region.
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