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As described last week, support is 5200 and level of resistance is 5420, and a while it can continue... Unchecked geopolitical stress and risky resources that force the market up-move in the temporary. Patiently waited for crack out in either part and obtained minimal 100 to 200 factors greatly. On crack out to play for clean lengthy part.

MCX Crude Oil came off yesterday; despite the IEA's caution over international oil provide disorder and a set of favorable oil stock information from the US. WTI and Brent missing $1.27/bbl and $1.24/bbl respectively. Oil items presented up much better than primitive, following reviews of refinery shutdowns due to either inadequate overall costs or organized servicing. Low refinery operates have triggered significant allures US oil item shares and encouraged up item breaks at the front-end of the shapes. Meanwhile, it has also triggered time propagate in Brent to ease further, as we have said in this observe during the last two several days.

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