TECHNICALA FOR NYMEX TRADE FOR DEC 31 2009

DEC 31 THURSDAY

TRADING LEVELS FOR EVENING SESSION

S1 RS 3703 , S2 RS 3682 , S3 RS 3660

R1 RS 3742 , R2 RS 3764 , R3 RS 3788

WAIT FOR CONFIRMATION .

UPDATES FOR DEC 31 2009

DEC 31 THURSDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 3705 , S2 RS 3682 , S3 RS 3660

R1 RS 3746 , R2 RS 3762 , R3 RS 3784

WAIT FOR CONFIRMATION .

CLOSING COMMENTARY FOR DEC 30 WEDNESDAY

Crudeoil Prices trading at higher levels around 3670 - 3730

levels A close above 3730 could have more upside till 3800

- 3850 levels to complete higher band. A break below 3650

could have some down correction .

MRKT ALERT 9 PM

US Crude Oil inventories Update:Act -1.5Mbrls (Exp -1.7Mbrls Prv -4.9Mbrls) Gasoline: Act -0.3Mbrls,Distillate: Act -2Mbrls

MRKT ALERT 8.58 PM

MCX JAN CRUDEOIL TARGET ACHIEVED AT 3720, BUY GIVEN AS LEVELS ABOVE 3690 FOR HIGH RISK TRADERS.

MRKT ALERT 8.55 PM

MCX JAN CRUDEOIL HIGH RISK TRADERS HOLDING LONGS AS PER OUR LEVEL GIVEN ABOVE 3690 CAN BOOK PROFITS UPTO 3710/ OTHERS CAN HOLD FOR TARGETs.

MARKET ALERT ON DEC 30 WENESDAY 7.50 PM IST

MCX JanCrude is mildly positive above Rs 3690 with support

below Rs 3670 and could test Res at Rs 3720.

( High risk traders could trade with above levels )

MKT ALERT AT 12NNON

Buy Crudeoil Jan between 3695 - 3700 SL below 3675 T1 3730 T2 3760

UPDATES FOR DEC 30 2009

DEC 30 WEDNESDAY

TRADING LEVELS FOR MORNING SESSION

S 1 RS 3662 , S2 RS 3641 , S3 RS 3624

R1 RS 3698 , R 2 RS3722 , R3 RS 3746

WAIT FOR CONFIRMATION .

CLOSING COMMENTARY FOR DEC 29 TUESDAY

Crudeoil prices trading still positive and selling seen at highs

and strong res of 3700 levels. Prices have very strong level of

3700 - 3730 and close above could be postiive again.

No strong confirmation is seen either way.

Wait for confirmation.

MARKET ALERT ON DEC 29 TUESDAY 5.40 PM IST

MCX Jan crude oil has broken immediete support of Rs 3662

Next supports seen at Rs 3652 and 3622

Res seen at Rs 3681.

CMP Rs 3665

These are only levels .

TECHNICALS FOR NYMEX TRADE FOR DEC 29 2009

DEC 29 TUESDAY

TRADING LEVELS FOR EVENING SESSION

S1 RS 3666 , S2 RS 3641 , S3 RS 3623

R1 RS 3711 , R2 RS 3736 , R3 RS 3752

WAIT FOR CONFIRMATION .

mkt alert at 3.10 pm

Mcx Jan C.oil Buy at 3680-3685 SL below 3662 TGT 3711

trade less volumes

TECHNICALS FOR DEC 29

MCX JAN CRUD EOIL

SUPP: 3662/3641/3624

RES; 3698/3723/3745
WAIT FOR CALLS

TECHNICALS FOR NYMEX TRADE FOR DEC 28 2009

DEC 28 MONDAY

TRADING LEVELS FOR EVENING SESSION

S1 RS 3641 , S2 RS 3618 , S3 RS 3595

R1 RS 3674 , R2 RS 3697 , R3 RS 3715

WAIT FOR CONFIRMATION .

UPDATES FOR DEC 28 2009

DEC 28 MONDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 3606 , S2 RS 3588 , S3 RS 3562

R1 RS 3649 , R2 RS 3679 , R3 RS 3714

WAIT FOR CONFIRMATION .

DEAR READERS ,

DUE TO SOME TECHNICAL PROBLEMS WE WILL NOT BE

UPDATING THE SUPPORTS AND RESISTANCES TODAY.

UPDATES WILL START FROM MONDAY.

MARKET ALERT ON DEC 23 WEDNESDAY 9.00 PM IST

US Crude oil inventories update :

Down 4.9 MBRLS

Exp - 1.5 Mbrl Prev - 3.7 Mbrls

Gasoine down 0.8

Positive to oil prices .

MRKT ALERT 8.40PM

MCX JAN CRUDEOIL T2 ACHIEVED AT 3550

MRKT ALERT 8.35PM

MCX JAN CRUDEOIL APPROACHING OUR T2 AT 3550,TRADERS PROTECT YOUR POSITIONS BEFORE INVENTORIES COME. INVENTORIES EXPECTED AT 9PM.

MRKT ALERT 8.00PM

MCX JAN CRUDEOIL T1 ACHIEVED AT 3535\ HOLD FOR T2

MRKT ALERT 7.50PM

MCX JAN CRUDEOIL APPROACHING T1 AT 3535, BUY GIVEN AT 3508

MRKT ALERT 7.50PM

MCX DEC CRUDEOIL APPROACHING T1 AT 3535, BUY GIVEN AT 3508

MARKET ALERT ON DEC 23 WEDESDAY 6.10 PM IST

MCX Jan Crude oil low risk traders book part profits at CMP

Rs 3520 .

Buy was initiated at Rs 3505 to 3508.

Others hold with levels given .

Trades will be very volatile today as crude inventory expected today .

MRKT ALERT 7.10PM

MCX JAN CRUDEOIL TRADERS CAN BOOK PART PROFITS UPTO 3525, OTHERS CAN HOLD FOR GIVEN TARGETS. BUY GIVEN AT 3508..

MRKT ALERT 5.13 PM

Buy Crudeoil Jan between 3504 - 3508 SL below 3474 T1 3535 T2 3550 ( BC )

MRKT ALERT 4.55PM

CRUDEOIL INVENTORIES - PREVIOUS -3.7M EXPECTED -1.5M. ACTUAL TO BE RELEASED TONIGHT 9PM.

TECHNICALS FOR NYMEX TRADE FOR DEC 23 2009

DEC 23 WEDNESDAY

TRADING LEVELS FOR EVENING SESSION

S1 RS 3481 , S2 RS 3462 , S3 RS 3441

R1 RS 3523 , R2 RS 3546 , R3 RS 3572

WAIT FOR CONFIRMATION .

UPDATES FOR DEC 23 2009

DEC 23 WEDNESDAY

TRDING LEVELS FOR MORNING SESSION

S1 RS 3466 , S2 RS 3441 , S3 RS 3426

R1 RS 3518 , R2 RS 3536 . R3 RS 3562

WAIT FOR CONFIRMATION .

MKT ALERT AT 9.35 PM

MCX JAN CRUDE: LOW RISK TRADERES HOLDING SELLS

AT 3455 CAN BOOK FULL PROFITS UPTO 3430.

MARKET ALERT ON DEC 22 TUESDAY 6.00 PM IST

MCX Jan Crude low risk traders can book part profits

at CMP Rs 3441.

Others hold with levels given

Sell was initiated at Rs 3455.

MARKET ALERT ON DEC 22 TUESDAY 4.30 PM IST

Sell MCX Jan Crude oil between Rs 3450 to 3455

Stop loss above Rs 3480

Target 1 Rs 3420

Target 2 Rs 3395 .

TECHNICALS FOR DEC 22

MCX JAN CRUDE

SUPP: 3440/3415/3390

RES: 3490/3510/3530

WAIT FOR CALLS

MARKET ALERT ON DEC 21 MONDAY 10.00 PM IST

MCX Jan Crude oil now has support at Rs 3455

Res can be seen at Rs 3540

CMP Rs 3504 .

These are only trading levels .

But looks a little weak at this moment .

MARKET ALERT ON DEC 21 MONDAY 7.40 PM IST

MCX Jan crude oil low risk traders can book part profits at

CMP Rs 3525 .

Buy was given at Rs 3510 to 3515

Others hold with levels given.

MARKET ALERT ON DEC 21 MONDAY 4.45 PM IST

Buy MCX Jan Crude oil between Rs 3520 to 3515

Stop loss below RS 3485

Target 1 Rs 3540

Target 2 Rs 3560.

Trade less volume .

CLOSING COMMENTARY FOR DEC 18 FRIDAY

Crudeoil went up sharply till 3500 but had a slight selling

pressure may be little profit booking. Prices looks positive above

3400 on closing basis. Further buying could be seen again for

the level of 3500 -3600 levels if sustains 3380 - 3400.

TECHNICALS FOR NYMEX TRADE FOR DEC 18 2009

DEC 18 FRIDAY

TRADING LEVELS FOR EVENING SESSION

S1 RS 3441 , S2 RS 3416 , S3 RS 3393

R1 RS 3581 , R2 RS 3505 , R3 RS 3526

WAIT FOR CONFIRMATION .

TECHNICALS FOR DEC 18

MCX JAN CRUDE

SUPP: 3441/3416/3393

res: 3481/3505/3526

WAIT FOR CONFIRMATION

TECHNICALS FOR NYMEX TRADE FOR DEC 17 2009

DEC 17 THURSDAY

TRADING LEVELS FOR EVENING SESSION

S1 RS 3351 , S2 RS 3320 , S3 RS 3295

R1 RS 3398 , R2 RS 3418 , R3 RS 3442

WAIT FOR CONFIRMATION .

MARKET ALERT ON DEC 17 THURSDAY 5.20 PM IST


MCX Jan Crude oil looks positive above Rs 3480 with

support seen at Rs 3455 , and could test Rs 3500 / 3515 .

(For levels )

TECHNICALS FOR DEC 17

MCX DEC CRUDE OIL

SUPP: 3375/3351/3326

RES: 3423/3446/3473

PREFER LONGS AT SUPPORTS

TECHNICALS FOR DEC 16

MCX DEC CRUDE OIL

SUPP: 3275/3252/3225

RES: 3320/3345/3370

WAIT FOR CALLS

TECHNICALS FOR NYMEX TRADE FOR DEC 15 2009

DEC 15 TUESDAY

TRADING LEVELS FOR EVENING SESSION

S1 RS 3230 , S2 RS 3205 , S3 RS 3185

R1 RS 3268 , R2 RS 3284 , R3 RS 3314

WAIT FOR ONFIRMATION .

mkt alert at 1.35 pm

Sell Crudeoil Dec below 3250 SL above 3275 T1 3215 T2 3190

(high risk call ) Trade Low Volumes.

TECHNICALS FOR DEC 15

MCX DEC CRUDE

SUPP: 3230/3202/3186

res: 3286/3312/3334

wait for calls

MARKET ALERT ON DEC 14 6.15 PM IST

MCX Dec Crude T 1 Achieved at Rs 3230.

Sell was initiated at Rs 3255 to 3260 .

MARKET ALERT ON DEC 14 MONDAY 5.30 PM IST

MCX Dec Crude oil low risk traders book part profits at

CMP Rs 3238 .

Sell was initiated at RS 3255 TO 3260 .

MKT ALERT AT 4.30 PM

Sell Crudeoil Dec between 3255 - 3260 SL above 3285 T1 3230 T2 3210

TECHNICALS FOR DEC 14

MCX DEC CRUDE OIL

SUPP: 3230/3204/3185

RES; 3375/3395/3415

WAIT FOR CALLS// EXP GAP DOWN OPEN

UPDATES FOR DEC 11 2009

DEC 11 FRIDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 3256 , S2 SR 3230 , S3 RS 3200

R1 RS 3303 , R2 RS 3336 , R3 RS 3362

WAIT FOR CONFIRMATION .

MKT ALERT AT 8.50 PM

MCX DEC CRUDE : LOW RISK TRADERS BOOK FULL PROFITS

UPTO 3290 TO 3293( SELL AT 3325)/OTHERS HOLD FOR LEVELS.

MKT ALERT AT 8.35 PM

MCX DEC CRUDE : LOW RISK TRADERS BOOK PART PROFITS

AT CMP 3301( SELL AT 3325)/HOLD FOR LEVELS.

MKT ALERT AT 7.15 PM

Sell Crudeoil Dec between 3320 TO 3325 SL above 3350 T1 3270 T2 3250

TECHNICALS FOR DEC 10

MCX DEC CRUD EOIL

SUPP: 3296/3270/3238

RES: 3356/3380/3415

WAIT FOR CALLS

MARKET ALERT ON DEC 9 9.00 PM IST

US Crude Oil inventories Update:

Act Down 3.8Mbrls

Exp +0.7Mbrls

Prv +2.1Mbrls .

MARKET ALERT ON DEC 9 WEDNESDAY 7.30 PM IST

MCX Dec Crude now has support at Rs 3403

Res can be seen above Rs 3456

CMP Rs 3420

These are only levels .

EXPECTED CRUDE INVENTORY UP0.6 MB, DISTILLATE DN

0.6MB, GASOLINE UP 1.5 MB//ACTUALS AT 9 PM.

TECHNICALS FOR DEC 9

MCX DEC CRUDE OIL

SUPP: 3403/3375/3352

RES: 3452/3476/3495

WAIT FOR CALLS

CLOSING COMMENTARY FOR DEC 8 TUESDAY

Crudeoil prices trading bit weak below the strong sup and

trading level of 3400. Prices trading around the strong sup

level of 3400 - 3420 levels. Prices have more chance to

bounce back from these levels upto 3500 - 3550 again.

A close below 3400 could have more bearishnes.

TECHNICALS FOR DEC 8

MCX DEC CRUDE

SUPP: 3463/3430/3400

RES; 3511/3536/3555

CLOSING COMMENTARY FOR DEC 7 , MONDAY

Crudeoil prices trading weak as the prices broken and trading

below the strong sup of 3500 levels. Prices not broken the res

of 3540 levels. Prices dropped bit below the sup level and test

nearly 3460 levels. Prices seems weak below 3500 and could

test 3400 - 3350 levels. Intraday pull back near to 3550 levels

expected to test the upper band of medium term negatve trend.

MKT ALERT AT 7.20 PM

DEC CRUDE UPDATE: LOW RISK TRADERS WHO HAD

TRAIL STOPLOSS TO COST IN SELLS EXIT CMP 3510 AS

CLD TEST RES

MKT ALERT AT 2.30PM

MCX DEC CRUDE: BOOK PART PROFITS AT CMP 3488( SELL AT 3510)

MKT ALERT AT 2 PM

Sell Crudeoil Dec between 3510 - 3515 SL above 3545 T1 3460 T2 3430

TECHNICALS FOR DEC 7

MCX DEC CRUDE

SUPP: 3510/3480/3460

RES; 3555/3580/3610
WAIT FOR CALLS

CLOSING COMMENTARY FOR DEC 4 FRIDAY

Crudeoil prices trading highly volatile between 3500 - 3600

levels. Prices have huge movement and further trend will be

decided of closing of prices either side of 3540 - 3550 levels.

Prices looks weak on a close below 3540 levels. Any buying

above these levels could go up.

Wait for confirmation.

mcx dec crude update; looks weak below 3525 with res abv 3550 and

cld test 3500/3480( levels)

TECHNICALS FOR DEC 4

MCX DEC CRUDE

SUPP: 3510/3480/3458

RES; 3568/3586/3615

WAIT FOR CALLS

CLOSING COMMENTARY FOR DEC 3 THURSDAY

Crudeoil prices went down in continuotion with yesterday

weakness. Prices came down aftet it breaks the strong level

of 3540 till 3500. The level 3500 seems very strong sup below

could trig more selling. But if prices close above 3540 - 3550

levels could be watched as it may have some upside movement.

Wait for confirmation.

UPDATES FOR DEC 3 2009

DEC 3 THURSAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 3532 , S2 RS 3503 , S3 RS 3475

R1 RS 3595 , R2 RS 3620 , R3 RS 3656

WAIT FOR CONFIRMATION .

MRKT ALERT 6.10 PM

Crudeoil Dec between 3615 - 3620 SL below 3590 T1 3645 T2 3665

UDATES FOR DEC 2 2009

DEC 2 WEDNESDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 3626 , S2 RS 3595 , S3 RS 3572

R1 RS 3656 , R2 RS 3687 , R3 RS 3710

WAIT FOR CONFIRMATION .

mkt alert at 4.40 pm

MCX DEC CRUDE UPDATE; RES2 AT 3631 ACHIEVED/

CLD NEXT TEST RES 3656( RECOMMENDED AT 3590 LEVELS)

MKT ALERT AT 3.45 PM

MCX DEC CRUDE HIT OUR PROJECTED TGT 3619

( RECOMMENDED AT 3590 AS LEVELS)/NEXT CLD

TGT RES AT 3631.

MARKET ALERT ON DEC 1 TUESDAY 1.30 PM IST


MCX Dec Crude updates : Positive above Rs 3590 with support at

Rs 3580 and likely to test Rs 3619 levels .

These are levels for trading .

UPDATES FOR DEC 1 2009

DEC 1 TUESDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 3532 , S2 RS 3500 , S3 RS 3475 '

R1 RS 3586 , R2 RS 3610 , R3 RS 3636

WAIT FOR CONFIRMATION.