Crude Oil MCX Tips Today Hit All Target 4457. Futures in London rose back above $63 a barrel after the gradual resumption of some U.S. output following frigid weather put prices under pressure on Friday.
- WTI stays positive while flirting with February 2020 top.
- Overbought RSI conditions probe bullish chart formation around nearby resistance.
- 21-day SMA, channel support close adjacent doors for seller’s entry.
- Headlines from OPEC meeting will be the key to follow.
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.
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.
Royal Dutch Shell Plc is shaking up its mighty in-house trading unit, with the retirement of Mark Quartermain as head of crude — a job widely seen as the most powerful in the global oil-trading industry.