Wednesday, April 15, 2015

NCDEX Tips and Live Updates|Crude Updates for 16 April 2015

Crude Updates Today
In the United States is expected to grow less than crude oil stock prices have reached the highest level this year. On Wednesday, naymaiks on crude prices 5.8 per cent at $ 56.39 a barrel-mounted at the level of the closed, which has for the first time since December 23. While Brent crude prices to 2.73 per cent in recorded faster. Currently Brent crude $ 63 a barrel.
Hopes of increased crude stocks
Over the week to April 10 in the u.s. crude stocks increased less than expected. According to the u.s. Department of energy, crude oil reserves rose 48.36 million barrels reached 12.9 million barrels now. While the estimate was 41 million barrels.

NCDEX Live Updates
NCDEX May Soya bean has extended the bullish momentum by given a breakout through the “bullish flag” chart pattern on daily charts. Overall outlook remains positive and further rally can be possible towards 3775 & 3860 levels, which is an equality target of the poll length. However, downside remains support 3665 levels.

NCDEX Tips Today
We suggest a BUY Around 3665 level for Targeting 3775 with Stop loss at 3620.

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