The initial rapid upside seen in crude oil has stopped for a while however MCX Crude oil is still trading up about 1.5 per cent. Spain relief package and rising crude oil imports in China has accelerated the crude prices. With 1.5 per cent on MCX crude oil is trading at Rs 4,745.
Intraday traders can buy crude above 4755 for the targets of 4800-4830 while keeping a stop-loss of 4709.
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crude oil trend,
Crude updates for 11 june 2012
what charting technique you use for ure recommendation?
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