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.
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