Morgan Stanley estimated in crude oil reduced @ Today Report about MCX Crude Oil

Today is the second and final day of the meeting of the Federal Reserve Bank . The meeting decided to come late at 11.30 IST. Until then, however, the domestic commodity markets were closed, but in the global market is trading under pressure before. And the impact on the domestic market is also visible. Crude oil fell to the lowest level in 3 months.

Meanwhile, Morgan Stanley has estimated Crude oil can fall $ 35. Notably different from other agencies is that Goldman Sachs and Morgan Stanley has said that around 20 percent from the current level of oil could fall further.

Crude on MCX are trading down side at Rs 2880. Inventory will be at 8 pm today , So you Should trade with stop loss.

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