Friday, May 3, 2013

MCX ENERGY CRUDE OIL TRADE BEYOND RS 5050 TODAY

Despite the weakness Crude in the International market, domestically it is trading Strength position today. In the domestic market due to weak crude oil jumped to Rupees. . However NYMAX 0.5 per cent, with the weakness of the crude oil is trading at 93.7 dollar.
MCX Crude oil


If we talk about Indian market, so it is trading above 35 Rs against the previous close. Currently MCX Crude is trading Rs 5052 in May delivery. Here we are advices to all- one can buy Crude above at 5050 with in May Contact and Targets 5065, 5080 Stop Loss 5030.

Trend for today  
Trend- Up Trend  
Strategy- Buy on dips  
Resistance- 5072.2/5090.1  
Support- 4962/4944.2.

3 comments:

suchi dhote said...

what do you feel for Nifty, Monday cross the range of 6000 & know the more news ……….
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falguni gyarsia said...

The resistance and support level for the Jeera is seen at 13550 and 12700. It looks bearish, at 12:39 it was trading in a positive side at Rs. 13005 up 0.64 percent. Crude Oil Prices and
Stock Future tips

Latika Agrawal said...

Your blog is useful to all type of commodity traders MCX Crude Oil Tip

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