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Thursday, March 12, 2009

UPDATES

TECHNICALS FOR NYMEX TRADING MARCH 12

MCX APRIL CRUDE

TREND ; DOWN

SUPPORTS ; 2280, 2230, 2180

RES ; 2330, 2385, 2420

HOLD SHORTS

4 comments:

Anonymous said...

do you still expect crude prices to go down in april lot? the opec ismaking state ment of another cut!

akshaya said...

william, debate is on for a cut in output,but compliance has to be agreed for implementation, any way meet is on 15 th, support is at $ 40.
akshaya

Anonymous said...

so should i hold short position in crude april ?also inspite of negative inventory why r nickel prices not going up?

akshaya said...

william,
crude do not short now, wiat for us markets to open. nickel bease metal complex itself is a bit bearish now and inventories do not matter.
akshaya