Expert
commodity analyst are signalling mcx crude oil in bullish
trend. The uncertain economic environment created around the world's
best economic countries impacted the crude oil in the international
and domestic market.Friday's crude oil trend will depend on
due data of German
factory orders US unemployment. Experts say that US Crude Oil may
trade in $70-80 range since there is no global exposure for the
demand of crude oil.Brent crude oil is esupposed to trade in mid
range.
MCX
Crude oil July contract:- In the near term the contract of July
month for the mcx crude oil is expected to trade in the range of
4700-4850.
Crude
Oil Support & Resistance for today 6th July 2012
Support
$86.43 , 85.82, 85.18 per barrel; Resistance : 88.93, 88.32;
87.68 per barrel
Demand
for crude oil at NYMEX may fall due to the economic
slowdown in economic giants US and Europe. The upcoming speculation
data is showing some down trend in the demand of overseas crude oil.
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tuned with us for more mcx commodity intraday & future trading
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today & tomorrow.
MCX
GOLD Trend:- It is supposed to tarde with Support in range
between 29612-29478 and Resistance 29858-29970
MCX SILVER Trend:- Silver will take a upport of 53246-52817 & Resistance of 54239-54803 on Friday
CRUDE OIL Support 4768-4711 Resistance 4890-4955
MCX COPPER should trade with Support of 425.9-428.5 and Resistance of 432.5-434.5
MCX SILVER Trend:- Silver will take a upport of 53246-52817 & Resistance of 54239-54803 on Friday
CRUDE OIL Support 4768-4711 Resistance 4890-4955
MCX COPPER should trade with Support of 425.9-428.5 and Resistance of 432.5-434.5
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July 2012.