Monday, May 27, 2013

Indian Crude oil fell 1% today

MCX Decline in crude oil. MCX crude oil has slipped 1 per cent. Crude oil was touched today Levels of 5200. The Nymax crude oil has come close to 93 dollar. However Crude Currently trading at Rs 5210 & down 48 Rs due to previous close.
Indian Crude

It is estimated decrease in demand from China. The estimated reductions in the U.S. stimulus package are increasing pressure on the crude oil.  

Day trader can buy MCX Crude near to 5210 with in June contract targets 5225, 5240 Stop Loss 5180.


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