Crude Oil – March 5, 2021 – Reliance Securities



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Posted on:
03/05/2021 02:33:37

(Time zone: Arizona, USA)

Mr. Sriram Iyer, Senior Analysis Analyst at Reliance Securities

Worldwide oil costs are buying and selling with modest positive factors this Friday morning and early afternoon commerce in Asia after OPEC and its allies agreed to not enhance provide in April.

The much more noticeable acquire is that it is available in a risk-free setting and a better US greenback on Friday.

Technically, if WTI Crude Oil continues to commerce above the $ 64.00 stage, we might see costs transfer as much as ranges of $ 65.20 to $ 65.50. Help is on the ranges of $ 63.06 to $ 62.70.

Home crude oil costs are buying and selling with small positive factors this Friday morning and early afternoon, following abroad costs.

Technically, MCX Crude Oil will proceed to commerce on bullish momentum to ranges of 4740-4794. Help is on the 4677-4620 ranges.

Disclaimer: The suggestions, if any, made on this doc are the expression of views and / or opinions and shouldn’t be construed or construed as being or recommendation for the needs of purchase or promote securities, derivatives or different securities by RSL or any solicitation. or providing any funding / buying and selling alternative on behalf of the issuer (s) of the respective safety (s) talked about herein. This data / opinions / opinions is just not supposed to function an expert funding information for readers. No motion is requested based mostly on the knowledge offered right here. Recipients ought to belief data / knowledge from their very own surveys. Readers are inspired to hunt unbiased skilled recommendation and make an knowledgeable buying and selling / investing choice earlier than executing any trades or making any investments. Whereas each precaution has been taken to make sure that the disclosures and opinions given are truthful and cheap, not one of the administrators, workers, associates or representatives of RSL will likely be chargeable for any direct, oblique, particular, incidental, consequential, punitive or copies. , together with misplaced earnings leading to any approach from the knowledge / opinions / opinions contained on this doc.

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