CRUDE : cmp 6195
From the last Friday crude has raised after the unemployment data which was 5 years low, but experts believes that crude has no fundamental reason to rise , ONLY 2 REASONS CRUDE HAS TO RISE
1) Talks between US and Iran can lead to disruption of oil supplies in the middle east.
2) A couple of refineries in the Europe has shut down for atleast 2 quarters.
Considering this , prices can rise or else currently wait for the trend and stay sideways.
From the last Friday crude has raised after the unemployment data which was 5 years low, but experts believes that crude has no fundamental reason to rise , ONLY 2 REASONS CRUDE HAS TO RISE
1) Talks between US and Iran can lead to disruption of oil supplies in the middle east.
2) A couple of refineries in the Europe has shut down for atleast 2 quarters.
Considering this , prices can rise or else currently wait for the trend and stay sideways.
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