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Crude oil prices edge lower

Crude oil prices drifted lower in yesterday’s session where prices broke its crucial support level of 4,170. The momentum indicator, RSI has gone below 40 marks and is near 25, which suggests lack of momentum in prices.

If we see some pullback near 4,150 till 4,170, that could be a good opportunity to go short for the downside target of 4,080 marks.