Tuesday, September 6, 2016

MCX Crude Oil Updates and Trading levals

The prices of Crude Oil was sideways in the session ending 5 September 2016. Crude Oil gained 0.17% to end the session at Rs 2980 per barrel. The resistance zone for Crude Oil is strong at Rs 3100 per barrel. The prices of Crude Oil are supported at Rs 2850 and Rs 2800 per barrel. The gains are expected to be limited to Rs 3100 per kg in today's trades. The high for Crude Oil was at Rs 3065 per barrel while low was at Rs 2913 per barrel.

There is a surge in crude oil. For price stability agreement between Russia and Saudi Arabia following reports Brent price went beyond $ 47. MCX crude oil rose 1.3 percent in the domestic market is showing around Rs 3020.

Trading Advice for Intraday 
We recommended Sold MCX Crude Oil September future contract around 3020 to 3010 targets 2990, 2975 stop loss 3039.


Post a Comment


Blogger news

You are advised to take your position with your sense and judgment.The views and investment tips expressed by users on mcxtipstoday are their own, and not that of the website or its management. mcxtipstoday advises users to check with certified experts before taking any investment decisions. If any other company also giving same script and recommandation then we are not responsible for that. We have not any position in our given scripts. Visiting our web one should by agree to our terms and condition and disclaimer also. All credit goes to original authors of post on this website. Website owner is not responsible for any loss due to your own decision or judgement. Thanks for Visiting our Website.