Monday, December 19, 2011

MCX Crude Oil Report (Trend and Tips): Crude Updates

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MCX Crude is bullish today. Currently it is trading at the level of 4968. It is looking consolidate because crude oil futures fell in Asian trading Monday as concerns that the European debt crisis will serve as the primary steering current for the market offset bullish pressures from ongoing Middle Eastern unrest.

However we have technical levels for MCX Crude Oil

Resistance  :  4985  :  5110
Support       :  4940  : 4920.

We suggest you to stay away from the MCX Crude Oil and if you made a position than sell it on higher levels.

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