Crude is Trading at 86.50 Upside Possible
Crude oil can GO Above 7280 in MCX, but it is important to note that this is just one possible scenario. Several factors could affect the price of crude oil in the coming days and weeks, including:
- OPEC+ production cuts: The Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+) have agreed to cut production to support prices. However, if OPEC+ members cheat on their quotas, this could lead to a supply glut and lower prices.
- Speculative activity: Speculative activity can also play a role in driving oil prices higher or lower.
Based on the current market conditions, some analysts believe that Crude Oil Prices are likely to remain elevated in the near term. However, it is important to note that the market is volatile and prices can move in unexpected directions.
e to 7280 in MCX