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Crude Oil Outlook 13.04.20

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Saudi Arabia is delaying a key pricing decision for its crude exports for May delivery, Bloomberg reported Sunday.

The report came as global oil-producing nations entered a fourth day of talks to strike a deal for an unprecedented cut to joint output in order to restore market balance.

Saudi Aramco is expected to decide on and announce its crude prices for May on Monday, Bloomberg reported, citing a person with knowledge of the situation.

Important Levels for Tomorrow i.e. 13/04/2020

RESISTANCE 1 – 2017
RESISTANCE 2 – 2031
RESISTANCE 3 – 2048

SUPPORT 1 – 1934
SUPPORT 2 – 1918
SUPPORT 3 – 1901


*SUPPORT AND RESISTANCE MAY CHANGE AFTER OPENING OF MARKET*


Thanks!

ProCapitas Market-Pro Team


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