MCX Crude Oil Tips Today

MCX Crude Oil Tips Today: All Target Price Hit 7069

MCX Crude Oil Tips Today: Thursday’s decent bounce in prices of the WTI was on the back of shrinking open interest and volume, which is supportive that extra strength looks not favoured in the current context. Against that, the continuation of the downside bias seen in the first half of the week seems probable in the very near term.

READ MORE…

MCX Crude Oil Tips Today

MCX Crude Oil Tips Today: All Target Achived 7298 to 7539

  • Crude oil has been trading opposite the US dollar in the last month or so but that’s not the case today. The dollar is strong and oil is even stronger, up nearly $2 to a high of $91.34.
  • That’s narrowly above the September high of $91.34. and that will be a key level to watch on the close today. This is the fifth straight day of gains.

READ MORE…

Crude Oil Prices are Juggling Below 61.8% Fibo Retracement at $87

West Texas Intermediate (WTI), futures on NYMEX, has demolished the firmer rebound move, recorded on Monday. The black gold picked significant bids below $82.00 and moved higher, however, the pullback move concluded sooner and the asset resumed its downside journey. The oil prices are hovering around $83.00 and are expected to surrender the same.

READ MORE…