- The OPEC+ group decided on Tuesday to add another 400,000 barrels per day to its total oil production in February
- The move was widely expected by the market
- Oil rose 1 just after the meeting concluded
WTI Crude High 84.51$ Low 62.43$, where 78.51$ is a crucial resistance.
MCX CRUDE has a resistance @ 5900 around
Range: 78.51$ - 74$
MCX: 5900 - 5500
Sell Crude @ 5900 = 78.51$ for target 5550 = 73.81$ with risk of 79.21$ = 5955 only if sustain above