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Dealmoney - Commodity Daily - 21-Jan-20	Download pdf

Crude Oil

• Crude after making high of 4,670 has move below rising trend line which was acting as a support from last two months

• Price which made low of 4,059, moved up and re-tested this trend line and we are observing a candle with pronounced wick

• This indicates higher levels are attracting profit booking

• We expect down trend to resume soon and further lows to get tested