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Showing posts with label MCX Crude updates. Show all posts
Showing posts with label MCX Crude updates. Show all posts

Thursday, March 22, 2012

CRUDE UPDATES : MCX Crude Oil News and Tips

3:14 PM  , , , , , ,  


CRUDE OIL TREND :-

Crude oil prices touched an intra-day high of $107.64/bbl and closed at $107.3/bbl  on Wednesday. On the MCX,  Crude Oil April contract  increased by 0.9 percent and closed at Rs.5443/bbl after touching an intra-day high of Rs.5467/bbl yesterday. Crude  prices  are expected to trade within 5460 to 5370. Any  close above 5460 should witness buy interest in the counter.

Crude Oil Support and Resistance :-

Crude Oil (April) : S3 - 5330, S2- 5375, S1- 5420,R1- 5460, R2- 5485, R3- 5520

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