Friday,10 August 2012
Crude oil Updates:- NYMEX
to see crude oil at strong trend. United States crude oil stocks has
been declined more than expected. China's inflation figures are good.
But pressure on crude oil at NYMEX has begun here on Thursday.The
domestic market is seeing a slowdown in crude oil. 0.2 percent in
MCX. Currently the mcx crude oil is trading at around 5180 with a
slight edge.
China's industrial output and
retail sales figures came which put the pressure on crude oil.The
employment figures are also in the United States.In Iran, the Syrian
Arab foreign ministers will be discussing struggle of Iran.
Crude oil Support
Resistance Tips For Today:-
Crude
oil is likely to see and touch the price level of 5190 in today's
trade. Hence We recommend Buy MCX Crude oil above 5190, stop loss
5160, Target 5220.
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