5:48 PM
Nifty Tips
Crude oil futures pared previous gains fell almost 1% below $76 on renewed doubts of sovereign debt crisis in Euro area backed by stronger dollar and weak equity indices. The premium over NYMEX WTI to ICE Brent narrowed to $2 as ICE Brent reported decline on Euro Zone debt problem. Natural gas futures traded steadied near $3.800 after falling on yesterday trade on moderate weather forecasts followed by an expiry in NYMEX October contract. NYMEX Crude oil has important resistance at $78, support at $72.
MCX Crude oil (Oct) has resistance at ` 3390, support at 3510.
MCX Natural gas (Oct) has resistance at 184, support at 176.
MCX Crude oil (Oct) has resistance at ` 3390, support at 3510.
MCX Natural gas (Oct) has resistance at 184, support at 176.
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