MCXCRUDEOILTREND ( DEC-28)

Q: What is the Crude Oil trend in our market?

Answer: Golden Nifty Said, the global geopolitical tensions, especially with Iran and Kazakhstan, are supporting the crude prices. In the short-term, USD 103 per barrel looks very possible. So, at this point of time, I will be buying crude at Rs 5,350 per barrel levels, place Rs 5,300 per barrel as a stop loss and look for a target of Rs 5,420 per barrel levels or so for the day.www.goldennifty.com