In today’s article, we are going to know about crude oil price prediction for January and if you are interested in commodities trading then you can follow our website regularly to get updates.
We can see crude oil call option 6000 strike price can give you a good return as it’s currently moving around 174 to 177 so if you want to capitalize on the opportunity then you can take entry between these numbers and you can follow the recommendations that I have given.
Trade Recommendation – Crude Oil Price Prediction
Buy Level: Between 174 – 177
Target Price (TP): 208
Stop Loss (SL): 149
Current Market Price (CMP): 174
Please maintain the SL while trading and you can keep the SL for this position as 149 stop loss and a target you can set as 208 which can be easily achieved if crude oil prices keep on increasing due to the Geopolitical tension as well as the demand concern so this can give you a good amount of return In future so you can hold this trade or you can just maintain the intraday trading strategies which I have provided you.
As you no risk management is very much needed in today’s trading world and SEBI also recommends every trader maintain a stop loss so that their capital should not go wasted or wash out because of uncertain incidents occurring in the policies or the geographical tension