Thursday, 19 July 2012

MCX Crude Oil Updates and Silver Trading Tips

MCX Crude Update and Trading Tips

MCX Crude oil is trading up more than one percent and prices have touched 5,057 with in record level. Although as soon as market was started then immediate crude on MCX Crude oil taken up side in domestic market. However crude is trying to return back. Crude expert analyze market and find result crude will never broke 4,900 supporting level.

Current view of Crude is trading up 0.97 percent at Rs 5022 at around 1 Pm. Now Traders can Sell Crude oil with July contract near around 5,020 to 5,030 targets 5000, 4983.

Nymax Crude has reached 90 dollar a barrel, while Brent crude crossed the 105 dollar. Reduced supplies from Iran and the United States gasoline stocks fall in crude oil prices have had support.

MCX Silver Tips

Sell Silver September below at Rs 52900.
Targets 52835 , 52750 , 52650 S/L 53027.


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