MCX Crude Selling Call Rocking, Crude 9010 to 8644 Enjoy – WTI crude oil adheres to profit-booking as it renews intraday low around $115.00, after rising the most in a week to poke $116.30 the previous day. While softer USD and no mercy for OPEC+ seemed to have triggered the black gold’s previous upside, mixed sentiment ahead of the US jobs report seem to weigh on the quote on early Friday.
Crude Forecast
U.S Crude Oil Under Short Term Challenges
Gold Silver Reports – U.S Crude Oil Under Short Term Challenges — Short-term speculators may suspect downward conditions will prevail in the coming days after the dramatic rise upwards made by the commodity over the past few weeks.
Crude Oil MCX Resistance Key 2910
Gold Silver Reports — Technically crude oil market is under short covering as market has witnessed drop in open interest by -8.36% to settled at 23845 while prices up 59 rupees.
MCX Crude Oil Under Fresh Selling Support Key 2670
Gold Silver Reports — Technically Crude Oil market is under fresh selling as market has witnessed gain in open interest by 7.28% to settled at 30633 while prices down 72 rupees.
Crude Oil MCX Support Key Level at 2918
Gold Silver Reports — Technically Crude oil market is under short covering as market has witnessed drop in open interest by 0.84% to settled at 18773 while prices up 11 rupees.