Saturday, August 27, 2011

Weekly Updates: NYMEX Crude Overview and MCX Crude Levels

NYMEX Crude is in consolidation phase. Last week Crude Oil was sustaining at upper level and close near to its week high. For the coming week 75$ and 70 $ will act as major supports and $98 and$101.50 a barrel will be a major resistance in
International Crude. 
In MCX Crude Oil major resistance is found near 4060 and 4250 and major supports will be 3500 and 3350.

One long crude oil above 4060 for the targets of 4100-4150-4200 Stoploss below 3900.  


Posted By Commodity MCX Tips