Thursday, December 22, 2011

Crude Updates: MCX Crude Oil Tips For Today.

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MCX Crude is looking strong among all commodities today. It is trading at 5230 level and made a intraday high of 5247. It is looking more bullish in coming trading session. Crude oil inventories have fallen the most since 16th February 2001 which is the largest decline in a decade. Additionally, US joined European economies to implement strict sanctions on Iran which increased fears for supply concerns and this also helped upside in prices.

Finally Crude Oil is looking bullish having the resistance of 5260 and a support of 5180.

We Suggest that make a fresh position in MCX Crude Oil to maximise your profit.

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