EPIC CRUDE TREND FOR TODAY 6-5-2013

**Admin** Mon May 06, 2013 4:21 pm

Crude trading range for the day is 5126-5160.
Crude oil dropped on profit booking after prices spurred on by better-than-expected job growth in US that raised the prospect of stronger demand.
OPEC said it expects few changes to its export levels this month, forecasting shipments of 23.67 million bpd through May 18.
Weak manufacturing news from China, the world's No. 2 oil consumer, is still clouding the outlook for global demand.
Crude is holding with a support at 5126 and resistance will be likely at 5160.

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