The
crude oil demand was in the up trend on Tuesday. The crude oil saw a
1.2% of sharp hike in the prices. Currently the crude oil istrading
at 4878. Not only domestic market but global market has seen this
drastic change in the prices of crude oil. Today the price of crude
oil reached to the maximum level of recent 7 weeks at NYMEX.
Currency
Updates:- Rupee is strengthneing against the dollar in the forex
market.Despite this the crude oil is showing a strongness in the
prices.
It
is being expected that the reports of US Energy department is about
to come on today i.e. Wednesday which will decide the crude oil trend
for today.According to market news the ban on Iran's export of crude
oil may result in the reduction of storage of crude oil in America.
Crude Oil Trend For Today 18 July 2012
Crude
Oil Trend may face a slow down in today's trade. The economic
conditions of Europe is not in a very good pace. Hence we advocate to
go for buying side in crude oil. You must buy crude oil with
following crude oil tips for today.
Mixed
trading on MCX for base metals. Copper showed a strong trend with
0.5% up in today's trade. Although the copper at London metal
exchange is shwoing neutral trend.
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