:Korea news threatened the overall commodity markets. Energy complex facing panic. North Korea says that it is entering "state of war" with South Korea after hearing this news, MCX in India witnessed sharp movements in crude oil since early trade today.
MCX Crude Oil prices already moved much higher today, Crude April contract trades around 5370-80 them one can enter into buying deal with stop loss of 5300 for target near 5500
WTI Crude oil Update :-
US sends stealth bomber after North Korea cut last hotline with South korea. If WTI closes and stays above 97 USD for next three consecutive Trading Days then we can see up to 103.25 USD Level.
Also for short to Medium Term the ultimate target for WTI is 109-113.45 USD levels.
Trade Alert - With the global uncertainty news WTI Looks bullish, it adversely impact on Indian Equity Market , so Be alert Don't buy equity or futures.
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