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Tuesday, February 2, 2010

CLOSING COMMENTRAY FOR FEB 2 TUESDAY

Crudeoil went up straight breaking all hurdles of 3480 -

3500 levels. Prices trading positively and a close or buying

tomo above 3540 levls could take prices till 3600 levels.

strong sup seen at 3500 - 3480 .

3 comments:

VISH said...

SIR I HAVE SHORT SELL POSITION IN CRUDE OIL @ 3390 SUGGEST ME WHAT TO DO .. I CAN CARRY UP TO 3600

manu said...

Vish: I also had short position and booked heavy loss today.

Crude has gone crazy and is breaking all resistance.

I would suggest you to hedge it if you have budget or book loss and look for a new short on higher level.

akshaya said...

vish, crude seems for now at least to have bottomed out, this rally cld take it up to 3600 to 3630.
akshaya