Trading levels for the week (5th Dec. - 9th Dec.)
For the week Crude prices are expected to find Resistance at 5274-5294 levels. Trading consistently above 5300 levels would renew the previous rally initially towards 5377 levels, and then finally towards the Major resistance at 5470 levels.
Support will be at 5070-5050 levels. Trading below 5040 levels would trigger a sharp fall initially towards 4965 levels and then finally towards the Major support at 4896 levels....read levels of Gold, Silver and Copper
