Thursday, May 5, 2011

MCX Trading Tips: Crude Oil Report

Crude oil continues to fall. On MCX, crude oil has come down the sense of Rs 4900. U.S. stocks surge in crude prices is the pressure. Naimacs the crude oil has come down from $ 110. Natural gas is the sharp decline. While the Base Metals business is also declining.
MCX crude oil (May ): Sell - 4800, Stoploss - 4868  Target - 4720

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