Monday, June 13, 2011

Crude Updates : Trading Levels and Intraday tips


Crude Oil is facing intraday Negative trend as prices are trading below short term and medium term MA (moving average), indicating more downside in crude oil. While below 4430 , Crude oil can see the levels of 4400 followed by 4380. If it breaks the crucial level of 4370, sharp downfall may occur till 4280-4250 levels. A rise above 4570 might support Crude Oil To move up with a signal of bullishness.

for Intraday sell Crude oil Below 4420 for the targets of 4380-4370 stop-loss above 4445

above 4555 go for buy for the targets of 4575-4600.

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Posted By Commodity MCX Tips