Crude oil prices are expected to trade low for the day as increase in US crude oil stocks and further increase in crude production. However, supporting price is optimism about US economy amid upbeat economic data and market expectations that OPEC may extend production cuts beyond June.
SELL CRUDE OIL APR IN THE RANGE OF 3300-3280 TARGETS 3230/3180 STOPLOSS 3360 . Technically Crude oil is selling on hourly/daily charts while MACD and RSI also indicate good selling opportunity in it. So, traders should go for sell on higher level strategy.