FEB 24 TUESDAY
SHORT TERM TREND : BEARISH
LONG TERM TREND : BEARISH
S1 RS 1910 , S2 RS 1860 , S3 RS 1810
R1 RS 1960 , R2 RS 2020 , R3 RS 2060
STAY SHORT AT RESISTANCE.
US Crude settled at $ 38.44 a barrel down $ 1.59.
London Brent Crude settled at $ 40.99 a barrel down 90
cents.
The commodity for trade under the MCX India ended at
Rs 1958 levels.
Crude settled below $ 39 a barrel on concerns over the
health of the world economies and the fall in the subsequent
demand levels.
The prices were also weighed down as US stocks dropped
dragged about the uncertainity about the Government's
latest plans to rescue banks.
Crude for trade umder the Nymex might see support at $ 37
while the resistance for the same can be seen at $ 39.
2 comments:
I have Bought Crude F1@Rs 1992. Shall I Wait or sell ?What About Crude?Any -news??????????????
SASHI,ACTUALLY THE PIVOT IN CHARTS IS RS.1980,BELOW WHICH IS WEAK, INTRADAY WILL UPDATEON BLOG.TRADING RANGE $ 35 TO 40, NOW AT37.50.
AKSHAYA
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