Wednesday, September 12, 2012

Crude Updates and MCX Commodity DATA For Today: 12th Sept.

Crude Updates

Crude oil remained range bound, trading at $ 95.90 off by a few cents on poor eco data from China. Chinese data weighed on the commodity as eco data showed a continuing slow down in the Chinese economy. China is one of the largest consumers of oil and energy. Crude oil looking to trade in a flat mode today. On MCX, updates suggest that Crude oil is trading between a tight range of 5300 an9 5360. A break in ether side could widen the range form 5250 to 5400. Having a strong resistance at 5420 level and a support at 5300 level will be a good range for Crude Updates.

MCX Commodity DATA

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