Crude prices bounced back on Tuesday despite no compromise being made between Republicans and democrats to raise the nation's $14.3 trillion debt ceiling by Aug. 2 to avert a default. Crude prices rose mainly as the dollar weakened, encouraging investors to buy riskier assets. Traders also positioned ahead of US Energy Information Administration's weekly inventory data that is expected to show a drawdown in crude stockpiles.
CRUDE OIL LEVELS TODAY :-
TREND :- Crude oil trend is CONSOLIDATE
RESISTANCE 2 :- 4560
RESISTANCE1 :- 4480
SUPPORT 1 :- 4380
SUPPORT2 :- 4320
STRATEGY :- Readers are advised to BUY ON DIPS
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