Friday, August 30, 2013

MCX Crude oil future fall above 3% on global cues @ Free Natural Gas Calls

Sharp decline in crude oil today. MCX crude oil declined by 3 per cent has come down to Rs 7,200. The decline in international markets and the impact this has had on domestic business.  

MCX Natural gas is trading at MCX sluggish. Natural gas fell marginally by 0.25 per cent is trading at Rs 244.  

Crude declining reasons :-
Crude oil crisis broke out in Syria is likely to have softened. Naimaks fall on the price of crude oil is still above $ 107 and Brent crude is trading around$ 114 doallr.

Trading Calls  
NG: Buy MCX natural gas above 244 with in 25 september future contract targets 245,246 stop loss 242.  

Crude Oil:- Now you can Buy MCx Crude oil above at 7200 for 19 september contract and trgates 7250.


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