Crude
Crude has been trading in a range for quite sometime but now crude above 6200 has given a breakout.
Also , most of our retail traders are short on crude since Friday , considering crude to fall . But as always to trap the retail investors , crude has come down once below 6200 today in the early session but then above 6200 again showing great strength. N PRASAD from CNBC AWAAZ considers that crude can rise to 6300 by is week. Hence short sellers plz be alert and have a good SL. Any disruptive talks between Iran & US can lead to fire in the prices . Remember this is not fundamental.
Buyers can continue with the SL of 6160 for target 6300 this week ( CNBC AWAAZ view )
Note: The views expressed here is solely from the sources and does not guarantee success.
Crude has been trading in a range for quite sometime but now crude above 6200 has given a breakout.
Also , most of our retail traders are short on crude since Friday , considering crude to fall . But as always to trap the retail investors , crude has come down once below 6200 today in the early session but then above 6200 again showing great strength. N PRASAD from CNBC AWAAZ considers that crude can rise to 6300 by is week. Hence short sellers plz be alert and have a good SL. Any disruptive talks between Iran & US can lead to fire in the prices . Remember this is not fundamental.
Buyers can continue with the SL of 6160 for target 6300 this week ( CNBC AWAAZ view )
Note: The views expressed here is solely from the sources and does not guarantee success.
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