Commodity Updates for Today: MCX Crude Updates

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Showing posts with label MCX Crude Updates. Show all posts

Monday, May 27, 2013

Indian Crude oil fell 1% today

5:17 AM

Analyst

1 comment

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.

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.