LONG TERM TREND : BULLISH : TARGET Rs 5355
OUTLOOK RECOMMENDATION
Market is expected to move sideways.
US crude oil futures fell on Tuesday, slipping ahead of inventory data due Wednesday which was expected to show supplies rose last week and after futures were lifted on Monday by Venezuela's supply threat, cold weather and refinery snags
But futures bounced off earlier lows just after the floor session opened on news that Venezuela's Energy Minister was quoted in a newspaper saying "we are ready" to cut oil supplies if pressures continue
MARKET AWAITING WEEKLY INVENTORY DATA DUE TO BE RELEASED ON WEDNESDAY 21 ST MAY.
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