Crude oil prices rose slightly in in the morning as expectations of tighter supplies were boosted by more output curbs in Russia, although the United Nations’ adoption of an Israel-Hamas ceasefire put a lid on gains. A tight outlook for crude supplies put oil prices close to four-month highs hit earlier in March. But the prospect of fewer geopolitical disruptions in the Middle East limited any more upside in oil markets.
Brent oil futures expiring in May rose 0.2% to $86.88 a barrel, while West Texas Intermediate crude futures rose 0.2% to $82.13 a barrel
CURRENTLY MOVING ON UP TREND
Expecting correction up to 81.45
Today’s important levels for trading 80.74, 81.51, 82.56 and 83.33
Trading idea for today: Buy On Dip
Trade setup:
Looking pullback Buy around@81.50, Deeper Buy around@80.90
Safe swing sell below 80.70,
Safe swing buy above 82.30