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#Crude oil technical outlook

MCX Crude oil June contract on closed 17 points down at 3830. For intraday todays support will be @ 3780 if fail this level then only weakness possible. The next level is 3740-3730 zones. A price of 3717 will remain key support and if any close below this level the next level will be 3600-3500. Todays strong resistance is around 3900 if sustain above this level 4000-4100 and more upside.

Intraday trading range is support at 3717 and resistance at 3900.

Recommendation:

• Crude buy above 3851 stop loss below 3817 target 3900-3949-4011. 

• Crude Oil sell below 3770 stop loss above 3811 target 3724-3670-3611. 

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