#trading# Crude oil started the week on the back footing and came under pressure following recent highs past the $80.00 mark per barrel. Caution is still required as bulls may face strong headwinds at $80.00 zone again, as bullish momentum on daily chart is weakening and stochastic continues to diverge from the price action. The immediate support is near $77.50. On the other hand, the resistance is far near $85.10.
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