Crude Oil:-
The trend of Crude oil can remain bearish. Crude oil continues its bearish trend in this week too. Higher inventories and slump in global equities is clouded the outlook for demand of the Crude Oil. Saudi Energy Minister indicated that the big producers of Crude oil may have step in Crude market to support the prices. In MCX, Crude oil prices tumbles down by 296 points this week and ended at 4067 as compare to the last week closing price of 4363. Sell on high strategy would be better to follow in Crude oil in coming days.
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