MCX Crude Oil Almost Hit Full Target 3553 to 3608 on fire. U.S. West Texas Intermediate and international-Benchmark Brent crude oil futures inched higher on its last day of trading before the Christmas holiday, helped by a surge in late-day buying in a well-below average volume session to finish out the week.
Buy Crude oil MCX 3553—3545 Target 3590–3618 SL PAID – Neal Bhai. Crude Oil yesterday settled down by 0.34% at 3554 coming under pressure from concerns new fast-spreading variants of the coronavirus will lead to reduced fuel demand.
Crude Oil Tips Today – Buy Call Rocking 3455 To 3586 – Neal Bhai Reports
CRUDE OIL 3455 To 3586 = 131 POINTS, Rs. 13,100 PER LOTS
Buy Crude oil MCX Target 3485—3540 SL PAID. Crude oil prices traded higher with benchmark NYMEX WTI crude oil trading over half a percent up near $46.88 per barrel in the morning trade.
NATURAL GAS MCX SELL BETWEEN 197—198 TARGET 192 — 190 SL PAID. Natural gas futures jumped to settle at Rs 191.40 per mmBtu on December 11 as participants trimmed their position as seen by the open interest. Natural gas price had risen 0.42 percent during the week.
VACCINE PROGRESS TO UNDERPIN OIL PRICES
Crude oil prices have stormed higher since falling to multimonth lows at the start of November, climbing over 40% in the last 6 weeks on the back of positive Covid-19 vaccine progress and the decision by OPEC+ to ease output cuts more moderately than expected.