Crude prices expect to trade range bound for the day as overall geopolitical concerns are a boon for oil markets. A risk of caution though as oil inventories remain in the US but refinery runs have started to increase as the summer driving season approaches.
Commodity Tips By Expert
BUY CRUDE OIL APR IN THE RANGE OF 3400-3420 TARGETS 3480/3530 STOP LOSS 3350.
Technically crude oil is buying on hourly /daily charts while MACD and RSI also indicate good buying opportunity in it.So, traders should go for buy on lower level strategy.