- IRAN US Tension is on peak.
- IF Iran will take revenge with US then we will see the crude oil from 4460+ to 4690 & 5000+ again
- As there are 2 major factor will drive 1st WTI Crude 2nd USDINR will get more weaker which will drag upside.
- Crude has the last high of 4694 which has not cross yet. While from 3958 low to 4670 high = 4456 is a crucial support,Buy can initiate
Our Preference: Buy Crude 4460 target 4576 & 4670 SL 4430 (CF)
Alternative Scenario: Sell Crude 4613 target 4550 SL 4640
Jobbing Call: Buy 4576 target 4538 SL 4586
COMEX 62.34$ is a good support, it up only above that till 66$. SELL ONLY below 62$.
Natural Gas (Expiry 28 Jan 2020 )
Our Preference: Sell NG 156 target 149 SL 158