Cryptocurrency Prices by Coinlib

Crude Oil Report for the day 2nd June 2022

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  • OPEC - JMCC Meetings all day today, attend by 13 OPEC Member & 11 Oil Rich nations.
  • As per the latest down fall in Crude from 119.98$ is cause of Russia may leave the OPEC+ Group
  • As well as talk of Saudi Arabia will increase oil production
  • As per WTI Crude oil very strong buy @ 111.80$ for target 115$ but MCX has a difference due to the currencies so be cautious & trade with COMEX point for higher accuracy.

Crude Oil

Range : 8641 - 9130

Our Preference: Buy Crude 8640 with SL 8570 below only if sustain for target 8880

8640 is a very crucial support for a crude.

Alternative Scenario: Crude sell apply only below 8550 for target 8193.

Trading Zone

8705 Buy SL 35 point

8888 Sell SL 45 point

This range has pick up from 7071 Low & High 9315.


Category :

Energy Report

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