CRUDE (JAN)
Crude was very volatile last week, made a high of 5392, and finally big sell off were seen due to increase in production by OPEC. Now in this week, we may consider resistance at 5100-5155-5275, staying below avoid fresh buy, and downside support at 4800 to watch out. Lower-level do not panic, and some recovery cannot be ruled out.
Trend Decider of this week: 5082.
Today: Strong recovery from the lower level... Today closely eye 5173 - above it will show strength, downside support at 5101-5050.
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