Tuesday, December 20, 2011

MCX Crude Oil Tips and Trend: Crude Updates

Crude Updates, MCX Outlook Today, MCX Crude Tips Today, Crude Oil Tips, MCX Crude Trend, Crude Oil Trend, Crude Oil Price Today

After a sharp decline of last week mcx crude is looking to recover from that down fall, Today it is trading on 5080 and made a intraday high of 5087.
In international market oil prices touched an intra-day high of $94.42/bbl and closed at $93.8/bbl. On the MCX, prices increased by 1.6 percent and closed at Rs.4983/bbl after touching an intra-day high of Rs.5003/bbl on Monday. MCX Crude oil is looking more bullish in coming trading session
In Indian commodity market all commodities are looking strong after a heavy fall in all. It is a best time to maximize your profit by making fresh position in crude, gold and silver.

Here we have technical levels for MCX Crude Oil

Resistance  :  5140  :  5200.
Support       :  5020  :  4960.

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