Wednesday, April 20, 2011

MCX Crude Oil Updates- Crude Oil May fall Further

In international markets, Crude prices last traded near 109.5 USD per barrel. Crude prices are likely to fall in short term and may touch 103-100 levels within next few trading days.

On MCX, Indian commodity exchange, Crude prices are likely to touch levels of 4800-4720 in the coming few trading days.

Support for Crude is seen at 4850 and below it; prices can test 4775 while the resistance levels are seen at 4950 and 5025 respectively. Short term range for MCX Crude Apr contract is seen at 4700-5000.


Posted By Commodity MCX Tips