So, the medium-term trend is definitely disrupted and it could trend lower. It is all news driven right now. As the news flow comes in the global market that is how the markets will pan out. But if we talk about the very short term, then Nikkei is down 28% in one month. If there is any short covering rally over there, we can see a short covering over here as well.
Oil Price Today (November 10): Crude oil falls below $92 as Trump says Iran war is effectively over. What lies ahead?
Crude oil price: Brent crude futures fell 81 cents, or 0.88%, to drop below $92 a barrel. US West Texas Intermediate (WTI) crude futures slipped