Last Updated : September 07, 2010 14:05
MCX Crude Oil Sep trades down to 3462
Crude oil September future prices traded down by extending the previous trend. After making a high of 3485 it settled at 3462 levels.
Initial bias remains downside for the day. On the higher side market is finding a trend line resistance at 3490 levels sustain below is expected to remain lower.
The momentum indicator RSI (14) daily is at 0.48 levels and showing a lower potential.
We expect market to trade lower and recommend selling.
Crude oil MCX: Sell September at 3465 TP 3430 SL 3490
Courtesy: Karvy Commtrade Ltd.
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MCX ATF 24 February 2012
contract was trading at
Rs 7505 . What's your view on it?
