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Crude Oil Outlook 21.04.20

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The US crude oil prices recorded their lowest on Monday, with the West Texas Intermediate (WTI) falling to $10.96 per barrel due to falling demand on account of the coronavirus pandemic.

“April is expected to be the bleakest month for the industry, with demand set to plummet by 29 million barrels a day compared with the same month last year," International Energy Agency said in a statement.

Important Levels For Tomorrow 21/04/2020

RESISTANCE 1 – 1032
RESISTANCE 2 – 1088
RESISTANCE 3 – 1148

SUPPORT 1 – 948
SUPPORT 2 – 902
SUPPORT 3 – 863

Note:- Support and Resistance May Change after the opening of the Market.

Thanks!

ProCapitas Market-Pro Team

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