CLOSING COMMENTARY FOR AUG 31 MONDAY

Crude oil prices dropped nearly 4 % in MCX as expected

and prices touched near psychological level of 3400.

But overall the medium term term looks positive with

the band of 2900 - 3700. A negative close with selling

pressure below 3400 could be negative other wise buying

could come at these levels for the upper band target

of 3700 levels.

MKT ALERT AT 8 PM AUG 31

MCX SEPT CRUDE : T1 ACH AT 3440/ T2 ACH AT 3420/ BOOK

FULL PROFITS.( SELL AT 3470).

MARKET ALERT ON AUG 31 MONDAY 6.40 PM IST

MCX Sept crude low risk traders holding sells at

Rs 3470 , book part profits at Rs 3455 to 3450 ,

others hold for tgts given .

MKT ALERT AT 6 PM AUG 31

Sell Crudeoil Sep below 3470 /SL above 3500 T1 3440 T2 3420

MKT ALERT AT 5 PM AUG 31

MCX SEPT CRUDE : BULLISH ABV 3485 AND CLD TEST

3515/3540 LEVELS WITH SUPPORT BELOW 3460

TECHNICALS FROR AUG 31

MCX SEPT CRUDE

SUPP: 3526/3495/3467

RES: 3584/3610/3642

PREFER LONGS AT SUPPORTS

CLOSING COMMENTARY FOR AUG 28 FRIDAY

Crudeoil prices went up in MCX as yesterday prices

dropped but unable to hold at lower prices. Prices

have strong level of 3550 and res seen around

3580 - 3600. Prices looks frim till 3600 - 3650 soon.

Strong sup seen at 3540 - 3500 levels.

MARKET ALERT ON AUG 28 FRIDAY 6.45 PM IST

MCX Sept crude looks strong at CMP Rs 3560

it could test Rs 3600 levels

support is seen below Rs 3420.

UPDATES FOR AUG 28 2009

AUG 28 FRIDAY

S1 RS 3467 , S2 RS 3432 , S3 RS 3400

R1 RS 3547 , R2 RS S3575 , R3 RS 3610

WAIT FOR CONFIRMATION .

CLOSING COMMENTARY FOR AUG 27 THURSDAY 10.30 PM IST



Crude prices dropped from its strong res of 3500.

Prices unable to sustain above the res levels. Below

3500 prices looks weak. Prices need to cut and close

above the strong res of 3520 levels to have a positive

note.On weekly basis looks weak till 3400 and a

close below that could be more negative.

wait for confirmation

MARKET ALERT ON AUG 27 THURSDAY 7.50 PM IST

MCX Sept crude cld now test Rs 3403

Traders holding sells can amend stop loss to Rs 3468

CMP Rs 3439.

Earlier target of Rs 3432 achieved .

mt alert at 6.40 pm aug a27

High risk traders can Book Profits in Mcx Sep C.oil at

3453-3450, Others can Hold Shorts for the TGT of 3532

(SHorts Advised at 3580) Cmp: 3558.

MKT ALERT AT 6 PM AUG 27

MCX SEPT CRUDE : HIGH RISK TRADERS HOLDING SELLS AT

3480 BOOK PART PROFITS AT 3468 TO 3470.

MKT ALERT AT 4.45 PM

MCX SEPT CRUDE UNABLE TO BREAK SUPPORTS 3475

LOWRISK TRADERS EXIT AT COST.

MARKET ALERT ON AUG 27 THURSDAY 3.25 PM IST

MCX Sept crude oil looks weak below Rs 3480

it could test Rs 3450 / 3432

Res is seen above Rs 3508.

MARKET ALERT ON AUG 27 THURSDAY


2.10 PM IST


MCX Sept crude now has support at Rs 3530 levels

and Res can be seen at Rs 3435 levels

cmp Rs 3489

could test support.

UPDATES FOR AUG 27 2009

AUG 27 THURSDAY

S1 RS 3457 , S2 RS 3410 , 3 RS 3375

R1 RS 3518 , R2 RS 3547 , R3 RS 3575

WAIT FOR CONFIRMATION .

Crudeoil prices came down heavily in continuation

with yesterdays loss. Prices dropped from its strong

res of 3540 levels. Prices looks weak below on a close

below 3440 and could test 3400 - 3350 levels. A positive

close above 3500 could be positive for prices again.

Wait for confirmation

Crude Oil Inventories
0.2M VS -8.4M

MARKET ALERT ON AUG 26 WEDNESDAY 7.00 PM IST

MCX Sept Crude oil T 1 Achieved at Rs 3480 , low risk

traders book full profits and others hold for T 2.

sell was below Rs 3510 .

MARKET ALERT ON AUG 26 WEDNESDAY 5.45 PM IST

MCX Sept crude low risk traders book part profit at

CMP Rs 3495 , others hold for tgts given .

sell was below Rs 3510.

TECHNICAL LEVELS FOR NYMEX TRADE FOR AUG 26 2009

AUG 26 WEDNESDAY

TRADING LEVELS FOR NYMEX TRADE

S1 RS 3502 , S2 RS 3480 , S3 RS 3457

R1 RS 3547 , R2 RS 3571 , R3 RS 3591

WAIT FOR CONFIRMATION.

MARKET ALERT ON AUG 26 5.15 PM IST

MCX Sept Crudeoil looks weak below 3510

Res is above 3530

Could test 3480 and 3460.

CMP Rs 3516.

MARKET ALERT ON AUG 26 WEDNESDAY

MCX sept crude now has support at Rs 3495 levels

Res can be seen at Rs 3550 / 3570

CMP Rs 3520

could test Res .

UPDATES FOR AUG 26 2009

AUG 26 WEDNESDAY

S1 RS 3457 , S2 RS 3410 , S3 RS 3360

R1 RS 3534 , R2 RS 3560 , R3 RS 3595

WAIT FOR CONFIRMATION .

CLOSING COMMENTARY FOR AUG 25 TUESDAY

Crudeoil prices highly range bound between 3580 - 3630

levels. Prices need to break and close with positive

bias above 3640 levels for the next upmove till

3700 - 3750. Overall prices looks positive. Strong

sup seen around 3580 - 3560.

Wait for confirmation .

TECHNICALS FOR NYMEX TRADING AUGUST 25

MCX SEPT CRUDE

SUPP; 3590/3560/3516

RES; 3642/3675/3710

WAIT FOR CALLS

MKT ALERT AT 4 PM AUG 25

MCX SEPT CRUDE : LOOKS POSITIVE ABV 3600 AND CLD TEST

3630/3650 WITH SUPPORT BELOW 3575.

MARKET ALERT ON AUG 25 TUESDAY 12.15 PM IST

MCX Sept crude now has support at Rs 3565

Res can be seen at Rs 3630 / 3650

CMP Rs 3590.

UPDATES FOR AUG 25 2009

AUG 25 TUESDAY

S1 RS 3590 , S2 RS 3560 , S3 RS 3516

R1 RS 3642 , R2 RS 3675 , R3 RS 3710

WAIT FOR CONFIRMATION.

MKT ALERT AT 6,45 AUG 24

MCX SEPT CRUDE : APPROACHING T1 AT 3630 CURRENT HIGH

3625( BUY GIVEN AT 3595)/ LOW RISK TRADWERS BOOK FULL

PROFITS/OTHERS HOLD FOR T2 AS PER LEVELS GIVEN.

MKT ALERT AT 6,15 PM AUG 24

MCX SEPT CRUDE CMP 3612; LOW RISK TRADERS ANOTHER

OPPURTUNITY TO BOOK PROFITS( BUY GIVEN IN MORNING AT 3595.

MARKET ALERT ON AUG 24 MONDAY 1.15 AM IST

MCX Sept Crude low risk traders book part profit

between Rs 3612 to 3615. Buy was at Rs 3595,

Others hold for tgts given .

mkt alert at 10.45 am

Buy Copper Aug between 309.50 - 310 SL below 307.50 T1 312 T1 315
Buy Crudeoil Sep between 3595 - 3600 SL below 3570 T1 3640 T2 3660

UPDATES FOR AUG 24 2009

AUG 24 MONDAY

S1 RS 3554 , S2 RS 3526 , S3 RS 3488

R1 RS 3610 , R2 RS 3642 , R3 RS 3675

WAIT FOR CONFIRMATION.

CLOSING COMMENTARY FOR AUG 21 FRIDAY

Crude prices looks range bound at higher levels.

Prices range bound between 3540 - 3600 levels. A

close above 3600 only can take prices till 3700

lvlls. Strong sup seen around 3530 - 3500 levels.

Overall looks range bound.

Wait for confirmation.

MKT ALERT AT 5.50 PM AUG 21

LONGS ABV 3550 FOR TGTS 3575/3585, NEXT LEVEL RES AT 3630.

MARKET ALERT ON AUG 21 FRIDAY 5.00 PM IST

MCX Sept crude oil achieved full target Rs 3585

CMP Rs 3595

buy was at Rs 3550 to 3555.

MARKET ALERT ON AUG 21 FRIDAY 3.50 PM IST

Traders holding long as per our buy call at Rs 3550

can book part profits at Rs 3880.


Others hold for tgts given.



Sept crude could now test Rs 3610

support is seen below Rs 3530.

MARKET ALERT ON AUG 21 FRIDAY 1.20 PM IST

MCX Sept crude now has support at Rs 3530

and Res is seen at Rs 3585 Levels

Could test Res

CMP Rs 3550

MARKET ALERT ON AUG 21 FRIDAY 10.20 AM IST

MCX Sept crude could test Rs 3501


Res is seen at Rs 3550

CMP Rs 3530.

UPDATES FOR AUG 21 2009

AUG 21 FRIDAY

S1 RS 3540 , S2 RS 3510 , S3 RS 3480

R1 RS 3635 , R2 RS 3670 , R3 RS 3710

WAIT FOR CONFIRMATION .

Crude oil prices had a correction till 3550 after

a two days upside movement. Prices seems firm above

3500 and more buying could come above 3600 lvels. Buy

on dips advised. strong res is at 3600 and supports

seen around 3550 - 3500 levels.

MARKET ALERT ON AUG 20 THURSDAY 10.00 PM IST

MCX Sept Crude is weak below Rs 3560 and could

test Rs 3530 / 3500 levels , Res is seen above Rs

3595.

TECHNICALS FOR AUGUST 20 NYMEX TRADING

MCX SEPT CRUDE

SUPP; 3547/3510/3480

RES; 3635/3670/3710

WAIT FOR CALLS

TECHNICALS FOR AUG 20

MCX SEPT CRUDE

SUPP; 3547/3510/3480

RES: 3635/3670/3710

PREFER LONGS AT SUPPORTS

CLOSING COMMENTARY FOR AUG 19 WEDNESDAY

Crude oil went up in MCX almost 4 % due to inventories.

Prices looks firm above 3500 levels and could test

3750 - 3800 levels again.Strong res is at 3600 and

Sup seen around 3550 - 3540 levels .

DOE US Crude oil inventories --Exp-->1200K ;Prev-->2519K ;Actual-->-8395 K
DOE US. Gasoline inventories--Exp-->-1000K ;Prev ->-927K; Actual-->-2177 K
DOE US. Distillate inventory--Exp-->700K ;Prev-->786K; Actual-->-650 K
DOE US. Refinery utilisation--Exp-->0.10% ;Prev--> -1.06%; Actual -->0.52 %

MARKET ALERT ON AUG 19 WEDNESDAY 12.50 PM IST

MCX Sept crude now has support at Rs 3440

and Res at Rs 3500

Buy in the range of Rs 3455 to 3458.

UPDATES FOR AUG 19 2009

AUG 19 WEDNESDAY

S1 RS 3426 , S2 RS 3395 , S3 RS 3370

R1 RS 3480 , R2 RS 3510 , R3 RS 3546

WAIT FOR CONFIRMATION.

Crude prices went up till 3420 which is its strong res

level. Prices can take res around 3430 - 3450 levels. A

close around current price could decide the trend. Should

wait for prices to break 3440 levels otherwise could

come down again.

TECHNICALS FOR AUG 18 NYMEX TRADING

MCX SEPT CRUDE

SUPP; 3365/3330/3295

RES; 3416/3435/3462

BUY AT S2

MARKET ALERT ON AUG 18 TUESDAY 1.00 PM IST

As forecasted earlier MCX Sept crude has tested Rs 3380

Low risk traders holding longs as per our

call can book partial profits.

MARKET ALERT FOR AUG 17 TUESDAY 10.30 AM IST

MCX Sept crude has support below Rs 3336 ,

Res is seen at Rs 3382 / 3396,

CMP Rs 3363 ,

could test Res .

TECHNICALS FOR AUGUST 18

MCX SEPT CRUDE

SUPP; 3335/3295/3260

RES; 3385/3416/3442

WAIT FOR CONFIRMATION

MKT ALERT AT 6.30 PM AUG 17

MCX SEPT CRUDE IS POSITIVE ABV 3350 AND CLD TEST 3370/3390

SUPPORT BELOW 3300.

TECHNICALS FOR AUG 17 NYMEX TRADE

MCX SEPT CRUDE

SUPP; 3295/3260/3230

RES; 3360/3385/3415

WAIT FOR CALLS

MARKET ALERT ON AUG 17 MONDAY 4.15 PM IST

MCX AUg crude CMP Rs 3318 , low risk traders

can book prt profits and others hold for tgts given

Trail cost as sl

Sell wa advised at Rs 3330

MARKET ALERT ON AUG 17 MONDAY 1.50 PM IST

MCX Aug crude cld test Rs 3280 leves

Res is seen at Rs 3380 levels.

sell is recommended around Rs 3330.

technicals for august 17

MCX SEPT CRUDE

SUPP: 3340/3295/3256

RES: 3430/3467/3510

WAIT FOR CONFIRMATION

MARKET ALERT ON AUG 14 FRIDAY 8.30 PM IST

Readers holding shorts as per our sell cll

given earlier , book full profits at Rs 3410.

MARKET ALERT ON AUG 14 FRIDAY 7.40 PM IST

MCX Aug crude now has support at Rs 3410

and Res at Rs 3310 levels

CMP Rs 3368

could test Support.

TECHNICALS FOR NYMEX TRADE FOR AUG 14 2009

AUG 14 FRIDAY

TRADING LEVELS FOR NYMEX TRADE

S1 RS 3486 , S2 RS 3460 , S3 RS 3430

R1 RS 3546 , R2 RS 3568 , R3 RS 3590

WAIT FOR CONFIRMATION.

MARKET ALERT ON AUG 14 FRIDAY 5.30 PM IST

MCX Sept crude is positive above Rs 3515 and

cld test Rs 3550 / 3555 levels with support

below Rs 3490 .

TECHNICALS FOR AUG 14

MCX SEPT CRUDE

SUPP; 3486/3460/3430

RES: 3546/3568/3590

WZIT FOT CONFIRMATION

TECHNICALS FOR NYMEX TRADE FOR AUG 13 2009

AUG 13 THURSDAY

TRADING LEVELS FOR NYMEX TRADE

S1 RS 3505 , S2 RS 3484 , S3 RS 3460

R1 RS 3546 , R2 RS 3568 , R3 RS 3590

WAIT FOR CONFIRMATION.

MARKET ALERT ON AUG 13 THURSDAY

3.15 PM IST

MCX August crude CMP Rs 3445

Traders holding longs in crude as per levels

given earlier at Rs 3414 can book partial profits

and others can hold for target given Rs 3460.

MARKET ALERT ON AUG 13 THURSDAY 1.15 PM IST

MCX Aug Crude now has support at Rs 3385 snd

Res at Rs 3460 levels .

CMP Rs 3412

could test Res.

TECHNICALS FOR AUG 13

MCX AUG CRUDE

SUPP; 3380/3354/3320

RES: 3424/3456/3490

WAIT FOR CALLS

DOE US Crude oil inventories --Exp-->1000K ;Prev-->1670K ;Actual-->2519K
DOE US. Gasoline inventories--Exp-->-1200K;Prev ->-218K; Actual--> -927K
DOE US. Distillate inventory--Exp-->200K;Prev-->-1136K; Actual--> 786K
DOE US. Refinery utilisation--Exp-->-0.10%;Prev--> -0.03 %; Actual --> -1.061

MKT ALERT AT 3.30 PM AUG 12

MCX AUG CRUDE : BROKEN OUT OF IMM RES 3350 ,

CLD TEST 3375/ 3395 LEVELS WITH SUPPORT BELOW 3315.

TECHNICALS FOR AUGUST 12

MCX AUG CRUDE

SUPP: 3320/3285/3256

RES: 3380/3410/3435

WAIT FOR CONFIRMATION

MKT ALERT AT 5.25 PM AUG 11

MCX AUG CRUDE : EXIT SELLS AT CMP 3410.

NKT ALERT AT 3.45 PM AUGUST 11

MCX AUG CRUDE UNABLE TO BREAK RES , HIGH RISK

TRADERS CLD SELL AT 3395 TO 3400 WITH STOPS ABV 3415

AND TGT 3375/3365.

technicals for august 11

MCX AUG CRUDE

SUPP: 3362/3330/3305

RES: 3410/3446/3480

WAIT FOR CONFIRMATION

MKT ALERT AT 8.15 PM AUG10

MCX AUG CRUDE ON A BREAK OF RES AT 3420 CLD TEST

3440 TO 3455 LEVELS SUPPORT SEEN BELOW 3385.

MCX AUG CRUDE : SEEMS BULLISH AFTER TESTING SUPP 3365,

NOW HASSUPPORT AT 3365 AND CLD TEST RES 3420./ 3430 ( LEVELS ).

UPDATES

TECHNICALS FOR AUGUST 10

MCX AUG CRUDE

SUPP: 3356/3330/3305

RES: 3425/3465/3498

WAIT FOR CONFIRMATION

CLOSING COMMENTARY FOR AUG 7 FRIDAY

Crudeoil prices seen high volatality with up and downs..

If prices closes around 3435 levels then prices

could see either break out. Overall prices looks firm

and buy on dips advised.

MARKET ALERT ON AUG 7 FRIDAY 4.10 PM IST

MCX Aug Crude Trading around Resistances at Rs 3420 ,

a break above this could test Rs 3440 / 3450 levels ,

support is seen below Rs 3390.

UPDATES FOR AUG 7 2009

AUG 7 FRIDAY

S1 RS 3370 , S2 RS 3330 , S3 RS 3280

R1 RS 3475 , R2 RS 3510 , R3 RS 3550

WAIT FOR CONFIRMATION.

Crude prices continuous its range bound with high

volatality between 3340 - 3400. Prices broken its

strong res of 3425 but unable to hold above as sentiment

is in correction. Prices seen positive above 3300 levels.

MARKET ALERT ON AUG 6 THURSDAY 12.45 PM

MCX Aug Crude now has support at Rs 3392 levels

Res is seen at Rs 3475 levels

CMP Rs 3423

could test Res .

Buy Crudeoil Aug above 3415 SL below 3380 T1 3450 T2 3470

TECHNICALS FOR AUGUST 6

MCX AUG CRUDE

SUPP;3375/3340/3310

RES: 3428/3460/3500

PREFER LONGS AT SUPPORTS

Crudeoil prices highly range bound between 3350 - 3400.

Prices looking to move further above or below these levels.

Prices overall looks bullish on weekly basis. Buy is

advised at lows with stops below 3300 - 3290. Prices

could test 3450 - 3500 if sustains at these levels.

MKT ALERT AT 8.15 PM AUG 5

MCX AUG CRUDE: BUY AT 3340 SL 3310 TGT 3370/3400.

MARKET ALERT ON AUG 5 WEDNESDAY 8.15 PM IST

MCX Aug crude looks strong at CMP Rs 3340

it cld test Rs 3380 / 3420

support is seen below Rs 3310.

Update: US C.oil inventories data: Act:+1.7Mbrls

(Exp:+0.8Mbrls, Prv: +5.1Mbrls)

MKT ALERT AT 7.30 PM AUG 5

MCX AUG CRUDE : APPROACHING T1 AT 3360 IN OUR SELL AT

3395 TO 3400 LOW 3362, BOOK FULL PROFITS UPTO

3360 BEFORE INVENTORY.

MKT ALERT AT 12.30 PM AUG 5

Sell Crudeoil Aug between 3395 - 3400

SL above 3430 T1 3360 T2 3340

UPDATES FOR AUG 5 2009

AUG 5 WEDNESDAY


S1 RS 93.20 , S2 RS 92.40 , S3 RS 91.40

R1 RS 94.70 , R2 RS 95.70 , R3 RS 97

WAIT FOR CONFIRMATION.

CLOSING COMMENTARY FOR AUG 4 TUESDAY 10.30 PM IST

Crudeoil prices capped between 3350 - 3400. Strong

res seen around 3420 - 3430 levels. A break above

could take crude till 3500 - 3550 levels. Strong sup

seen aroun 3340 - 3330 levels. Ovearll looks positive

till 3500 on weekly basis.

Buy above res levels advised.

MARKET ALERT ON AUG 4 TUESDAy 9.00 pm ist


MCX AUg Crude looks bullish at CMP Rs 3395

it could test Rs 3425

support is seen below Rs 3370.

MKT ALERT AT6 PM AUG 4

Buy Crudeoil Aug between 3350 - 3355 SL below 3330 T1 3385 T2 3405

TECHNICALS FOR NYMEX TRADE FOR AUG 4 2009

AUG 4 TUESDAY

TRADING LEVELS FOR NYMEX TRADE

S1 RS 3330 , S2 RS 3285 , S3 RS 3256

R1 RS 3405 , R2 RS 3445 , R3 RS 3475

WAIT FOR CONFIRMATION.

MARKET ALERT ON AUG 4 TUESDAY 11.00 AM IST


MCX Aug crude taking downward correction and cld test

Rs 3450 to 3440 levels , with Res at Rs 3400 to 3420.

CMP Rs 3375.

UPDATES

TECHNICALS FOR AUGUST 4

MCX AUG CRUDE OIL

SUPP: 3395/3360/3330

RES: 3442/3475/3510

BUY AT SUPPORTS

CLOSING COMMENTARY FOR AUG 3 MONDAY

Crude oil stayed positive after a break of 3310 -

3320 levls. Prices seen strong lvls around 3400

Levels . A close above this could take crude to

more highs of 3500 levels. If prices sustained

above 3330 on weekly basis there is chance for

prices to test 3550 - 3600 levels this week.

Buy advised.