I guess one should participate in this bounce back because as I said largecaps are giving good signs right now and if that plays out, then the upside levels which I am watching out for are 23,350 to 23,600.
Oil Price Today (May 25): Crude oil hits 2-week low as US-Iran peace deal moves closer. Is the worst behind?
Oil prices dipped to two-week lows as U.S.-Iran peace talks showed progress, potentially reopening the vital Strait of Hormuz. Despite optimism, significant hurdles remain, with