The Crude oil can remain sideways with positive bias. Failing oil inventories in US and ongoing trade war between US and China weighed on demand expectations. Lower supply after US banning Iran can support the prices at the lower levels. US also putting pressure on the countries who import from Iran. In MCX, Crude oil prices went higher by 67 points this week and ended at 4950 as compare to the last week closing price of 4883. Sell on high strategy would be better to follow in Crude oil in coming days.
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