Crude oil Trend
Crude oil futures closed
higher, changing direction in the last half-hour of floor trading. Prices
declined earlier after a surprise increase for weekly crude supplies and
above-estimate increases for crude products such as gasoline. Crude oil supplies
increased by 2.7mn barrels to 380.
Overall trend of the Crude oil is bearish for medium-long term
.Currently Crude oil is in strong uptrend and the trend is supported with good
volume the open interest is not increasing with trend. It is showing SELL
signal for short term. Positional Support for the Crude oil is 4900-4868.Resistance
for the crude oil is 4967-5048.
Natural Gas Trend
The Natural gas
is in perfect uptrend .Currently Natural gas is in strong uptrend and the trend
is supported with good volume the open interest is not increasing with trend.
Cautious point is buying at higher levels seems decreasing. Support for the
Natural gas is 165-163-160; resistance for Natural gas is 181.
MCX Crude Oil Tips
Although Crude MCX is Showing Positive trend with in
Consolidate range, But Traders can sell Crude below at 4960 Targets 4935 Stop
Loss 4997.
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