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Wednesday, February 11, 2009

UPDATE

Crude oil was trading in the range which got

narrower day by day. The range in which it was

trading is $42-$39. This range was broken on

the downside in yesterday’s session as NYMEX

March contract closed at $37.55. We continue to

remain bearish on the commodity targeting $35

for NYMEX March contract in the coming session.

On MCX we expect price to test Rs 1850-1800 in

today’s session for MCX February contract.

2 comments:

Aakash Goyal said...

can i sell crude at 1850

akshaya said...

ATTENTION MR KRISHNA
Do not sell crude at these levels.
Wait for fresh entries.
AKSHAYA.