Crude ($76.69) has hit high of $82 in October’09 but after that it has not been able to hit new highs and shows distribution around current levels. A move below $75 would be a breakdown and we may see levels near $65 for the Crude. CAIRN would be highly impacted as the stock has a tendency to move along with Crude.
http://in.reuters.com/article/businessNews/idINIndia-43882120091112 ANALYSIS - Dollar trouble, oil's bubble could derail recovery
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