JAN 6 TUESDAY
SHORT TERM TREND : SIDEWAYS
LONG TERM TREND : BEARISH
S1 RS 2285 , S2 RS 2230 , S3 RS 2160
R1 RS 2356 , R2 RS 2390 , R3 RS 2460
WAIT FOR COMNFIRMATION.
US Crude gained $ 2.47 to settle at $ 48.81 a barrel after
touching a three week high of $ 49.28.
London Brent Crude rose $ 2.71 to $ 49.62 a
barrel, while the oil traded under the MCX India was
at Rs 2307 levels.
Oil prices rose 5 % as Isreal deepening incrusion
in Gaza and a dispute between Russia and Ukraine
over natural gas heightened fears about supply
disruptions.
Crude under the MCX in ndia might see support at
2224 levls while the resistence may be seen at
Rs 2354 levels.
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