MCX Crudeoil Tips- Profit Rs 10,000 per lot

MCX Crudeoil Tips: West Texas Intermediate (WTI) Oil price falls on Wednesday, early in the European session. WTI trades at $70.47 per barrel, down from Tuesday’s close at $70.91. Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $73.83 after its previous daily close at $74.27.

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Oil prices fall as trade war concerns dampen demand outlook

Crude oil prices in a free fall

Crude oil prices seem to have sharply dropped with the announcement of tariffs. In the current report we are to discuss the conditions characterising the US oil market currently, as well as factors affecting oil demand and supply in the international oil market. We are to complete the fundamentals included in the report with a technical analysis of WTI’s chart

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Crude Oil Technical Analysis: First signs not good

Crude Oil price might be undergoing a gruesome disappointment if OPEC+ is unable to overdeliver on market expectations. With several analysts penciling in a delay between three to six months, OPEC+ is forced to at least deliver a 6 months production normalization delay. Preferably even longer, with anything less than 6 months set to push Oil prices further down ahead of President-elect Donald Trump’s presidency. 

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