Crude:-
Crude
oil rose after OPEC sources said the group could extend its oil supply-reduction
pact with non-members and might even apply deeper cuts. OPEC and other
exporters including Russia agreed last year to cut output by 1.8 million
barrels per day (bpd) to reduce a price-sapping glut. The Crude oil is in
perfect uptrend .Currently Crude oil is moving sideways The oscillator is
showing BUY signal .In last 1 month volatility is very less Buy the Crude oil
above 3710 or buy with strict stop at 3525. The oscillator is showing BUY
signal for short term Crude oil is in sell position. Support for the Crude oil
is 3525. Immediate resistance for Crude oil is 3710.
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