Oil consolidation above 100 - #oott
Crude oil market has been consolidating around 103 after the pull back from its huge run. From here, it could go either way. However, the morning risk sentiment in the overall market suggest to us that its likely to go up rather than down. Upside levels for crude oil can be found at 104.75, 106.15 and 109. If the market decides it wants to reverse than we will be able to find levels at 102.55 and the 100 handle.
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