Why MCX Crude Oil Delcine Today @ Sell CMX Crude Oil for Day Trading

This week is crucial for commodity markets. OPEC meeting on November 30 in advance of the meeting and the fall in crude oil prices soared. The OPEC country with the largest market share in Saudi Arabia, said that the production of crude in the market situation will improve next year without deductions. There has been speculation that the statement might cut production at its meeting on November 30 is not a decision, and that the eyes of the world are on this meeting.

MCX Crude oil slipped nearly 1 per cent to Rs 3170 has arrived. So Day Trader can Sold MCX Crude Oil at around 3170 to 3180 targets 3150, 3135 Stop loss 3210.

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