Friday, June 17, 2011

Crude Updates- Intraday trading Range for MCX crude Oil

Weak Global Economics market sentiments amid Euro Zone debt crisis led crude oil to trade with selling pressure and today Crude oil has to face sharp decline and trading nearly down by two per cent. International Crude touched an intra-day low of $92.12/bbl. On MCX Crude oil Prices are moving around 4200 levels.
Technically a move below 4170 could support the bear trend and Crude can fall down to 4100-4020 levels. Above 4300 can negate the bearish view and Crude oil might see some momentum after this level.

For Intraday sell Crude oil Below 4190 for the targets of 4150-4120



Posted By Commodity MCX Tips