Crude Oil Price falls to 10 $ - Should your buy MCX Crufe Futures ?

International Crude oil prices have plummeted with price in Unites States falling to - 40 $ read it again minus 40 $ per barrel, which means if you buy you will get at zero price and also get 40 USD on your purchase.

Similarly the prices in India's MCX - Multi Commodity Exchange have also fallen to the levels of 1,324/- INR per barrel of oil ( Kindly note that each barrel of oil is almost equivalent to 159 Liters )

.With present gloomy situation of global economy and Corona virus pandemic all across there is severe fall in the price of oil prices with problem of storage coming to shore due to lack of demand because of lockdown all across planet.

So being a smart investor and trader you are regularly reading our blog - what should be your decision to make money Buy or not ?

We suggest that one should buy the May Futures of MCX Crude presently trading at 1,324 INR per barrel buy now one lot at cmp and one more if rate falls down to 1300/- and sell around 1600 levels which is likely to come in a week or two time and prices may settle at around 1700 INR per barrel.

So our final verdict buy crude futures now at MCX and make handsome profit in a week or so as prices will not fall below the present levels as supply and production will be curtailed and some developing nations may start to buy at this dirt cheap price.