Learning Module Market Updates

Crude Oil Outlook 15.04.20

Saudi Arabia’s oil giant Aramco has just announced the pricing for its oil for May, with deeper discounts for customers in Asia for the second month in a row, despite Sunday’s historic global production cut deal.

Aramco has delayed the announcement of its official selling prices (OSPs) for May several times in the past few days while producers were trying to unlock the ‘Mexican standoff’ in the talks on a 10-million-bpd production cut deal.

Important Levels for Tomorrow i.e. 15/04/2020

Resistance 1 – 1789
Resistance 2 – 1817
Resistance 3 –  1850

Support 1 – 1748
Support 2 – 1717
Support 3 –  1686

Note:- We are expecting a Negative Price in Crude for tomorrow.

Thanks!

ProCapitas Market-Pro Team

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