Crude Oil

Jan. Crude Oil prices couldn’t sustain at its resistance at 2145 levels
yesterday. The counter has hit fresh swing low of 2007 levels. We
expect prices to test next support at 1974 levels. Momentum above
2050 will trigger a sharp intraday bounce towards 2110/2130 areas. A
daily close below 1974 will open downside targets of 1840/1751

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