Last Updated : February 23, 2012 14:40
Crude oil to witness volatile trend on poor inventory data
Crude Oil futures traded up above $105 witnessing range bound trading session on Iran tensions after Iran restrict the UN watch dog – IAEA inspector from visiting key military base.
The Greece rating down limited up side in oil prices with negative equity indices. We expect oil prices to trade sideways to up with concerns of possible military action from Israel and US on Iran and bearish inventory data expectation in the evening session.
NYMEX Crude Oil has important resistance at $106.30 and support at $103.40.
Courtesy: Edelweiss Comtrade Limited Research
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MCX SILVER MINI 999 31 August 2012
contract was trading at
Rs 57069 , up Rs. 339 . What's your view on it?
