TECHNICALS FOR DECEMBER 30
MCX JAN CRUDE OIL
SHORT TERM ; SIDEWAYS
LONG TERM : BEARISH
SUPPORTS ; 1845, 1810, 1770
RESISTANCES ; 1935, 1980, 2025
WAIT FOR CONFIRMATION.
US Crude settled at $ 37.71 a barrel , up $ 2.36
and Brent rose by $ 1.76 to settle at $ 38.37.
Indian crude settled at 1867 levels.
Oil climbed in thin post holiday after the United Arab Emirates
said they will deepen supply cuts in line with OPEC'S
biggest ever output cut announced last week and the dollar
weakened against the Euro.
The prices also increased as tensions continue to rise
between the Isreal forces and the Hamas in the GAZA
strip threatening the oil supplies from that region.
Crude for Jan under MCX Indial might see support at
Rs 1828 and resistence for the same can be seen at Rs
2020 levels.
No comments:
Post a Comment