MAY 23 FRIDAY
SHORT TERM TREND : SIDEWAYS : TARGET RS 5560
TO RS 5730
LONG TERN TREND : BULLISH ; TARGET RS 5890
Market is expected to move sideways.
Crude oil Futures fell from a record low of $ 135 on Thursday to mark their first loss
in a week as traders book profit from a 4 session winning streak that lifted prices
of the commodity by more than 7 %.Crude oil closed at $ 130.8 after rising to
a high of $ 135.10. The IEA is getting ready to issue a sharp downward revision
to its oil supply forecast according to a published report.
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