Our assessment is that Saudi Arabia and Iran would agree to a deal and before that Oil would be under a Roller Coaster ride and is expected to test 44.70 - 44
But, at the end, it is expected to reach above 48 and closing the week can be at 50
oil has 2 big news which can push up oil towards 48-50
News 1
our sources at Reuters tell that Trump Government is likely to reinforce the sanctions on Iran, though this wouldn't be done soon.
News 2
Breaking Alert
Russian oil Minister Novak says big chances for OPEC to agree
but oil range seems very big now 40 sl so tp 58-62 level
