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  • Showing posts with label crude support resistance for today. Show all posts
    Showing posts with label crude support resistance for today. Show all posts

    MCX Crude oil is trading in a confined range across the globe. Domestic market Multi commodity Exchange saw low trend today. The GDP data of the China has come down which influenced the demand of crude oil in the market. The traders and investors are taking low interest in trading of crude oil.United States reduced it's outlook on crude oil.As per the officials of US Energy department the price of crude oil in the overseas market is supposed to stuck at around 92 dollars. Crude oil reserves in China has already been reduced.These are the signs of weakness in demand in the coming days of crude oil is likely to see. The US EIA signaled that the crude oil trend today will be in bearish mode.If you trade in crude oil we will recommend you to sell Crude oil (MCX): at 4750 level, Place a stop loss of 4799 & Set target at 4650 level.


    While on other hand MCX Natural gas witnessed nearly 1 per cent decline in Wednesday's trade.though at Nymex it is trending on upper side.Despite the strengthened rupee against the dollar could not natural gas prices in the market.Natural gas demand in the coming time,in China is expected to grow. All base metals are trading sluggish. MCX Aluminum, copper, lead and zinc are on decline side. In the nickel business is slow.

    If you are searching for CRUDE OIL TIPS, TREND, NEWS, CRUDE OIL UPDATES, CRUDE OIL SUPPORT & RESISTANCE FOR TODAY 12 JULY 2012. Just Fill the Free Trial Form & Get sure shot & Accurate MCX Commodity Tips on Mobile
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