CLOSING COMMENTARY FOR SEPT 30 WEDNESDAY



Crudeoil Prices went up sharply after inventories came.

Prices have very strong sup of 3180 as we said earlier

if not breaking this could rebound. Prices have strong

res of around 3320 - 3330. A break and close of this

could be positive till 3400 again. Above a close of

3260 could be positive.

MARKET ALERT ON SEPT 30 WEDNESDAY

USD CRUDE OIL INVENTORIES :

EXPECTED : +0.5M

PREVIOUS : +2.8M

ACTUAL : +2.8M .

TECHNICALS FOR NYMEX TRADE FOR SEPT 30 2009

SEPT 30 WEDNESDAY

TRADING LEVELS FOR EVENING SESSION .

S1 RS 3231 , S2 RS 3203 , S3 RS 3180

R1 RS 3278 , R2 RS 3315 , R3 RS 3346

WAIT FOR CONFIRMATION .

MCX OCT CRUDE LOOKS BULLISH AND CLD TEST 3280, SUPPORT NOW SEEN AT 3215.

MKT ALERT AT 2.30 PM SEPT 30

Buy Mcx Oct C.oil at 3231-3228 SL:

below: 3210 TGT: 3254

UPDATES FOR SEPT 30 2009

SEPT 30 WEDNESDAY

TRADING LEVELS FOR MORNING SESSION ,

S1 RS 3183 , S2 RS 3156 , S3 RS 3130

R1 RS 3252 ,R2 RS 3278 , R3 RS 3315

WAIT FOR CONFIRMATION .

CLOSING COMMENTARY FOR SEPT 29 TUESDAY 2009

Crudeoil prices also rebounded from its strong sup

of around 3180. This level seems very strong and

only a close below this could be negative. Prices

seems range bound between 3180 - 3250. Either

break out could see further upside or downtrend .

mkt alert at 4.15 pm sept 29

mcx oct crud eoil: low risk traders holding sells ap per

our call at 3215 to 3220 book part profits at cmp 3203/

others hold for levels.

MKT ALERT AT 2.30 PM

MCX OCT CRUDE IS WEAK BELOW CMP 3215 AND CLD TEST 3180

LEVELS WITH RES ABV 3240.

UPDATES FOR SEPT 29 2009

SEPT 29 TUESDAY

TRADING LEVELS FOR MORNING SESSION.

S1 RS 3203 , S2 RS 3180 , S3 RS 3156

R1 RS 3263 , R2 RS 3288 , R3 RS 3320

WAIT FOR CONFIRMATION .

TECHNICALS FOR NYMEX TRADE FOR SEPT 28 2009

SEPT 28 MONDAY

TRADING LEVELS FOR EVENING SESSION .

S1 RS 3185 , S2 RS 3162 , S3 RS 3085

R1 RS 3226 , R2 RS 3254 , R3 RS 3285

WAIT FOR CONFIRMATION .

TECHNICALS FOR NYMEX TRADE FOR SEPT 25 2009

SEPT 25 FRIDAY

TRADING LEVELS FOR EVENING SESSION

S1 RS 3165 , S2 RS 3130 , S3 RS 30085

R1 RS 3227 , R2 RS 3256 , R3 RS 3288

WAIT FOR CONFIRMATION .

MKT ALERT AT 4.30 PM SEPT 25

EXIT LONGS IN CRUDE OIL IF ANY !.

RKET ALERT ON SEPT 25 FRIDAY 3.50 PM IST

Mcx Oct C.oil looks strong at 3206-3203

Support is seen below: 3175

Res: 3252

Cmp: 3210.

Trade less volumes.

MARKET ALERT ON SEPT 25 FRIDAY 3.45 PM IST

Traders still holding sells in crude can exit .

MARKET ALERT ON SEPT 25 FRIDAY 12.30 PM IST

MCX Oct crude low risk traders can book profits

at CMP Rs 3184 , (sell given at Rs 3200),

others hold for levels given .

Sell Crudeoil Oct below 3200 SL above 3230 T1 3170 T2 3140

UPDATES FOR SEPT 25 2009

SEPT 25 FRIDAY

TRADING LEVELS FOR MORNING SESSION .

S1 RS 3170 , S2 RS 3130 , S3 RS 3085

R1 RS 3246 , R2 RS 3288 , R3 RS 3320

WAIT FOR CONFIRMATION .

CLOSING COMMENTARY FOR SEPT 24 THURSDAY

Crudeoil prices dropped nearly 4 % in MCX after heavy

selling below the sup levels of 3350. As we discussed

earlier below it 3350 could be weak. It tested nearly

3200. Prices below this could test 3150 - 3100.

Overall prices looks weak. Prices have strong res

of 3100 - 3150.

If this continuous could test 2900 levels .

MARKET ALERT ON SEPT 24 THURSDAY 7.15 PM

Traders holding sells as per our call given at Rs 3272

book part profit at CMP Rs 3245.

MARKET ALERM ON SEPT 24 THURSDAY 6.55 PM IST

MCX Dec crude oil has support at Rs 3215 m

Res is seen at Rs 3305 ,

Support is seen at Rs 3225

CMP Rs 3272 .

Could test support .

TECHNICALS FOR NYMEX TRADE FOR SEPT 24 2009

SEPT 24 THURSDAY

TRADING LEVELS FOR EVENING SESSION .

S1 RS 3285 , S2 RS 3248 , S3 RS 3215

R1 RS 3340 , R2 RS 3367 , R3 RS 3388

WAIT FOR CONFIRMATION .

UPDATES FOR SEPT 24 2009

SEPT 24 THURSDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 3310 , S2 RS 3275 , S3 RS 3246

R1 RS 3367 , R2 RS 3388 , R3 RS 3420

WAIT FOR CONFIRMATION .

CLOSING COMMENTARY FOR SEPT 23 WEDNESDAY

Crude oil seems highly volatile due to inventories.

Crude prices came down as it unable to hold at 3450

strong res. Prices tested strong sup of 3350 and

need to confirm it closing or not below 3350 levels.

Ovearll prices seems huge volatility 3350 - 3550

levels.

More selling below 3350 could be weak .

MARKET ALERT ON SEPT 23 WEDNESDAY 8.00 PM IST

US Crude Oil inventories Update:

Act: up 2.8Mbrls

(Expown:1.5 Mbrls, Prv: Down:4.7Mbrls)

TECHNICALS FOR NYMEX TRADE FOR SEPT 23 2009

SEPT 23 WEDNESDAY

TRADING LEVELS FOR EVENING SESSION

S1 RS 3400 , S2 RS 3375 , S3 RS 3348

R1 RS 3460 , R2 RS 3488 , R3 RS 3525

WAIT FOR CONFIRMATION .

UPDATES FOR SEPT 23 2009

SEPT 23 WEDNESDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 3426 , S2 RS 3400 , S3 RS 3348

R1 RS 3460 , R2 RS 3492 , R3 RS 3515

WAIT FOR CONFIRMATION .

MARKET ALERT ON SEPT 22 7.00 PM IST

MCX Oct Crude T2 Achieved at Rs 3445.

Book full profits.

Buy was at Rs 3405 to 3408 .

MCX OCT CRUDE : T1 ACH AT 3425.

mcx oct crude: low risk traders holding longs book

part profits at 3415 to 3418.

CLOSING COMMENTARY FOR SEPT 18 FRIDAY

Crudeoil prices came down. Prices exactly trading huge

volatality between its strong res and sup of 3500 -

3440 levels. Either break and close could decide

further trend. If prices unable to break 3500 then

could test 3350 levels again.

Wait and watch.

MARKET ALERT ON SEPT 18 FRIDAY 9.40 PM IST

Mcx Sep C.oil looks weak between 3464-3467

Res is seen above Rs 3485

Support 3432

MARKET ALERT ON SEPT 18 FRIDAY .30

MCX Sept crude traders holding sells as per our sell

call given at Rs 3472 , book part profits at CMP Rs 3456.

Others hold for targets given .

MARKET ALERT ON SET 18 FRIDAY 12.10 PM IST

MCX Sept crude now has support at Rs 3430

and Res can be seen at Rs 3520

CMP Rs 3472

could test Support .

UPDATES FOR SEPT 18 2009

SEPT 18 FRIDAY

TRADING LEVELS FOR MORNING SESSION .

S1 RS 3456 , S2 RS 3410 ,S3 RS 3385

R1 RS 3520 , R2 RS 3546 , R3 RS 3578

WAIT FOR CONFIRMATION .

CLOSING COMMENTARY FOR SEPT 17 THURSDAY

Crudeoil prices as expected continue its bull trend

till 3500 + . Prices have very strong res of around

3500 and hope could close below that. Prices could

correct a bit below 3500 levels . A negative news

could bring prices more downside again. till 3400

levels. Overall a close above 3500 - 3520 is only

positive till 3600.

Strong sup seen around 3440 levels.

MARKET ALERT ON SEPT 17 THURSDAY 7.45 PM IST

MCX Sept crude now has support at Rs 3480

and Res can be seen at tRs 3545 levels

CMP Rs 3506

could test Res .

MARKET ALERT ON SEPT 17 THURSDAY 5.50 PM IST

MCX Seot crude oil now has support at Rs 3454

and Res can be seen above Rs 3505 .

cmp Rs 3475.

MCX SEPT CRUDE : APPROACHING T1 AT 3510 CMP 3499 /LOW RISK

TRADERS BOOK PROFITS AT 3499 TO 3510/ HOLD FOR T2.( BUY AT 3480).

MCX SEPT CRUDE : LOW RISK TRADERS BOOK PART PROFITS AT 3492

Buy Crudeoil Sep above 3480 SL 3460 T1 3510 T2 3530

TECHNICALS FOR SEPT 17

MCX SEP CRUDE

SUpP; 3442/3410/3385

RES: 3483/3515/3548

CLOSING COMMENTARY FOR SEPT 16 WEDNESDAY

Crude oil prices went up with yesterday bullness.

Prices tested 3400 which is the strong sup and

went up again. Prices looks firm above 3400

levels and could test 3500 - 3530 levels soon.

A positive close today could be more positive

for prices .

MARKET ALERT ON SEPT 16 WEDNESDAY 8.10 PM IST

MCX Sept Crude T 1 Achieved at Rs 3460 ,

Buy was at Rs 3425 to 3430 .

MARKET ALERT ON SEPT 16 WEDNESDAY

Crude Oil Inventories

-4.7M VS -5.9M

MARKET ALERT ON SEPT 16 WEDNESDAY 11.30 AM IST

MCX Sept crude Traders holding long as per our buy call given in

the morning can book part profits at CMP Rs 3440

Buy was given at Rs 3425 to 3430 .

Buy Crude oil Sep between 3425 - 3430 SL below

3390 T1 3460 T2 3480

UPDATES FOR SEPT 16 2009

SEPT 16 WEDESDAY

TRADING LEVELS FOR MORNING SESSION.

S1 RS 3405 , S2 RS 3375 , S3 RS 3351

R1 RS 3466 , R2 RS 3489 , R3 RS 3515

WAIT FOR CONFIRMATION .

CLOSING COMMENTARY FOR SEPT 15 TUESDAY

Crude oil prices trading very narrow between 3350 -

3400 levels. Prices went up but unable to hold above

res levels. A positve close today could be more positive

again till 3400 and a close above this could be more\

positive till 3450 - 3500 levels.

Strong sup seen around 3320.

MARKET ALERT ON SEPT 15 TUESDAY 6.15 PM IST

MCX Sept crude cmp Rs 3387

Low risk traders can book part profits in our

buy recommended at Rs 3370.

Others hold for tgts given.

MARKET ALERT ON SEPT 15 TUESDAY 3 . 45 PM IST

MCX Sept crude now has support at Rs 3350 and

Res can be seen at Rs 3415.

cmp Rs 3370

could test Res .

UPDATES FOR SEPT 15 2009

SEPT 15 TUESDAY

TRADING LEVELS FOR MORNING SESSION .

S1 RS 3310 , S2 RS 3285 , S3 RS 3250

R1 RS 3385 , R2 RS 3410 , R3 RS 3445

WAIT FOR CONFIRMATION .

CLOSING COMMENTARY FOR SEPT 14 MONDAY

Crude oil prices had volatile movement up and down.

Prices now trading around the strong level of 3340 -

3360 levels. A close above or below 3350 or 3300

could decide further trend. Buying could come

around the sup level.

MARKET ALERT ON SEPT 14 MONDAY 11.40 AM IST

MCX Sept crude CMP Rs 3315 , Low risk traders

can book part profits and others can hold for tgts

given .

Sell was at Rs 3340 .

MKT ALERT AT 10.35 AM SEPT 14

MCX SEPT CRUDE" LOW RISK TRADERS BOOK PART

PROFITS AT 3328 TO 3330( SELL AT 3340)

MARKET ALERT ON SEPT 14 MONDAY 10.10 AM IST

MCX Sept Crude oil looks weak at CMP Rs 3340

it could test Rs 3310 / 3280

Res is seen above Rs 3370 .

UPDATES FOR SEPT 14 2009

SEPT 14 MONDAY

TRADING LEVELS FOR MORNING SESSION :

S1 RS 3326 , S2 RS 3305 , S3 RS 3275

R1 RS 3410 , R2 RS 3460 , R3 RS 3492

WAIT FOR CONFIRMATION .

TECHNICALS FOR SEPT 11

MCX SEPT CRUDE

SUPP; 3456/3425/3395

RES:3520/3560/3595

!!: Crude oil prices highly trading between 3450 - 3530 levels.

Prices came down but recovered slightly upto strong res

3500 levels. Very strong res seen around 3510 - 3530 levels

and a break and close above this could test 3600 levels.

Strong sup seen around 3440 - 3450 levels. Buy on

dips advised.
Saran !! is typing a message.

MARKET ALERT ON SEPT 10 THURSDAY 8.30 PM IST

US Crude Oil inventories Update:

Act: Down 5.9 Mbrls

(Expown1.6Mbrls

Prv: Down:0.4Mbrls),

CRUDE INVENTORY EXP DN 1.5 MB.

MCX SEPT CRUDE : WEAK BELOW 3490 TO 3495 AND CLD TEST

3456 LVELS RES SEEN ABV 3515.

MARKET ALERT ON SEPT 10 THURSDAY

Traders holding long in crude as per our buy

call given earlier , it wld be advisable to exit

at Cost Rs 3495 .

Wait for fresh entry .

LOW RISK TRDAERS EXIT CRUDE LONGS AT COST.CMP 3498.

MCX SEPT CRUDE : BUY AT 3495 TO 3500 SL 3480 TGT 3530/3550

UPDATES FOR SEPT 10 2009

SEPT 10 THURSDAY

TRADING LEVELS FOR MORNING SESSION .

S1 RS 3478 , S2 RS 3470 , S3 RS 3444

R1 RS 3490 , R2 RS 3499 , R3 RS 3526

WAIT FOR CONFIRMATION .

MCX SEPT CRUD EIS BULLISH ABV 3470 AND CLD TEST

3495/3515 LEVELS WITH SUPPORT SEEN BELOW 3435.

UPDATES FOR SEPT 9 2009

SEPT 9 WEDNESDAY

TRADING LEVELS FOR MORNING SESSION .

S1 RS 3446 , S2 RS 3432 , S3 RS 3376

R1 RS 3474 , R2 RS 3488 , R3 RS 3544

WAIT FOR CONFIRMATION .

CLOSING COMMENTARY FOR SEPT 8 TUESDAY

Crude as said earlier prices broken the narrow

consolidation range of 3320 - 3340 levels. Prices

went up sharply breaking all the res. Storng level

seen around 3450 and prices could test 3500 - 3550

levels. Res seen at 3500 and supports seen at

3450 - 3440 levels.

MCX SEPT CRUDE CMP 3400/ BOOK FULL PROFITS BUY AT 3355.

TECHNICALS FOR NYMEX TRADE FOR SEPT 8 2009

SEPT 8 TUESDAY

TRADING LEVELS FOR NYMEX TRADE

S1 RS 3356 , S2 RS 3325 , S3 RS 3295

R1 RS 3398 , R2 RS 3426 , R3 RS 3465

WAIT FOR CONFIRMATION .

TGT Extend upto 3399 in Mcx Sep C.oil (Earlier TGT: 3387)

Amend Stops to 3368 Longs Advised at 3355-3352.Cmp:3383.

MCX SEPT CRUDE T2 ACH AT 3374/ HIGH RISK TRDERS HOLD

FOR T3 387( BUY AT 3355).

mkt alert at 2.35 pm sept8

MCX SEPT CRUDE APPROACHING T2 AT 3374 CMP 3372/BOOK FULL

PROFITS ( BUY AT 3355).

MARKET ALERT ON SEPT 8 TUESDAY 1.35 PM IST

MCX Sept crude T1 Achieved at Rs 336 9. Buy was

advised at Rs 3355 , Traders holding longs if any

book profits and trail sl to cost .

MARKET ALERT ON SEPT 8 TUESDAY 1.15 PM IST

MCX Sep Crude looks strong at CMP Rs 3358

Support below 3340

TGT 3369/74

TECHNICALS FOR SEPT 8

MCX SEPT CRUDE

SUPP: 3315/3310/3295

RES: 3325/3330/3350

WAIT FOR CALLS

CLOSING COMMENTARY FOR SEPT 7 MONDAY

Crude oil prices highly range bound between 3300 - 3400.

Prices below 3300 and a close could be more bearish

till 3150 - 3100 levels following 3000 levels. A

bulllish close above 3400 could be a break at upper

side till 3500 wait for confirmation.

UPDATES FOR SEPT 7 2009

SEPT 7 MONDAY

TARDING LEVELS FOR MORNING SESSION

S1 RS 3317 , S2 RS 3310 , S3 RS 3281

R1 RS 3331 , R2 RS 3338 , R3 RS 3367

WAIT FOR CONFIRMATION .

EXIT LONGS IF ANY IN CRUDE,

MCX SEPT ALUMINIUM IS BULLISH 90.65 AND CLD TEST

91.50 TO 92 WITH SUPPORTS BELOW 89.75/ COPPER STRONG

ABV 311.75 AND CLD TEST 313/315 WITH SUPP BELOW 309/

CRUDE STRONG ABV 3345 AND CLD TEST 3380/3400 WITH

SUPPORTS BELOW 3320.

mkt alert at 2 pm sept 3

mcx sept crude : t1 ach at 3390/low risk traders

book full prefits/others wait for t2( buy at 3365).

MARKET ALERT ON SEPT 3 THURSDAY 1.15 PM IST

MCX Sept crude approaching T 1 at Rs 3390 ,

cmp Rs 3389 .Low risk trader book full profits .

Buy given at Rs 3360 to 3365 .

MCX SEPT CRUDE : BUY AT 3360 TO 3365 SL BELOW 3330 TGT 3390/3410.

UPDATES FOR SEPT 3 2009

SEPT 3 THURSDAY

S1 RS 3305 , S2 RS 3275 , S3 RS 3256

R1 RS 3352 , R2 RS 3378 , R3 RS 3415

WAIT FOR CONFIRMATION .

MARKET ALERT ON SEPT 2 WEDNESDAY 8.00 PM IST

US Crude.Oil inventories Update:

Actown: 0.4mbrls

(Expown:0.6Mbrls, Prv: +0.2Mbrls)

MKT ALERT AT 1.35 PM

MCX SEPT CRUDE : APPROACHING T2 AT 3340 CMP 3345

BOOK FUL PROFITS AT 3340 TO 3346.( SELL AT 3370).

1.35 PM SEPT 2

MCX SEPT CRUDE APPROACHING T1 AT 3350 CMP 3351/LOW RISK

TRADERS BOOK PROFITS AT 3350 TO 3354( SELL AT 3370).

MKT ALERT AT 1PM SEPT 2

MCX SEPT CRUDE: LOW RISK TRADERS BOOK PROFITS AT

3359( SELL GIVEN AT 3370)

MKT ALERT AT 12.50 PM SEPT2

SELL MCX SEPT CRUDE AT 3370 TO 3375 SL

ABV 3391 TGT 3350/3340.

TECHNICALS FOR SEPT 2

MCX SEPT CRUDE OIL

SUPP: 3362/3330/333295

RES: 3415/3452/3478

WAIT FOR CALLS

CLOSING COMMENTARY FOR SEPT 1 TUESDAY



Crude prices went up in the morning session and

unable to hold at higher levels. Selling coming

around the strong res of 3500 levels. Prices

seems weak below 3430 levels and could drop

further as its in below trend line.

Prices need to close above 3430 levels for

positive bias.

mkt alert at 7.20 pm sept 1

MCX SEPT CRUDE : T1 AND T2 ACH AT 3460/3480 IN oUR BUY

AT 3430 / BOOK FULL PROFITS.

MCX SEPT CRUDE : LOW RISK TRADERS BOOK PART PROFITS

AT 3440 to 3442( BUY AT 3430)/ NOV COPPER:BOOK PART

PROFITS AT 311.20 to 311.35( BUY AT 310.50)

10.30 am sept 1

Buy Crudeoil Sep between 3425 - 3430 SL below 3400

T1 3460 T2 3480

TECHNICALS FOR SEPT 1

MCX SEPT CRUDE

SUPP:3395/3356/3330

RES: 3457/3485/3515

WAIT FOR CALLS