- 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.
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.
8705 Buy SL 35 point
8888 Sell SL 45 point
This range has pick up from 7071 Low & High 9315.