Last Updated : September 09, 2010 13:30
Higher movements expected in Crude
Crude oil September future prices initially traded lower after making a low of 3442 levels it took reversal and settled higher at 3509 levels.
Closing of the daily candle renders sideways to higher potential. This is possible only if market sustains above the support at 3480 levels.
Closing above the daily short term EMA suggests upside movements. We expect sideways to higher price movements for the day.
Crude oil MCX: Buy September above 3530 TP 3570 SL 3500
Courtesy: Karvy Commtrade Ltd.
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MCX GOLDPETAL NEW DELHI 31 March 2012
contract was trading at
Rs 2755 , up Rs. 50 . What's your view on it?
