#CRUDEOIL update 31st Jan || MCX || INDIAN MARKET
🔶Timeframe: 1 hour
🔶 INTRADAY TARGET - Target: 6360, 6380
🔶Oil prices dipped due to weak Chinese economic data, but monthly gains are expected amid escalating Middle East conflicts. U.S. inventory data showed mixed results, while concerns about demand persist.
🔶Crudeoil inventory data at 9 pm today.
🔶 INTRADAY TARGET - Target: 6360, 6380
🔶Oil prices dipped due to weak Chinese economic data, but monthly gains are expected amid escalating Middle East conflicts. U.S. inventory data showed mixed results, while concerns about demand persist.
🔶Crudeoil inventory data at 9 pm today.
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