MCX Trading Tips, Crude Updates Tips On Mobile

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MCX crude oil seems sluggish. Modest growth of 0.1 per cent with crude oil is trading at Rs 5350. As crude oil rises and foreign money flows into India, equities rise sharply in absolute and relative terms. The currency and interest rates gain too. However, the longer and sharper the crude oil rises, India first under performs and then falls.

Crude Oil Support and Resistance

Support for the Crude oil is 5306-5252-5126-5103-5090-5089.
Immediate resistance for Crudeoil is 5432

Crude Tips today 6 March

MCX Crude oil (March futures): Sell - 4380-4390, stoploss of Rs - 4550 and the target - 4300

Get daily commodity updates and levels on Mobile, NCDEX updates. For MCX and NCDEX levels of 6 and 7 march 2012 FILL THE FORM