THURSDAY
MARKET LEVELS TO WATCH PUT FOR
Crude Oil prices drifted lower on Thursday morning trade in Asia .
Market is waiting for more Rig count figures of Baker Hughes
and more reports on OPEC compliance with out put cuts .
Crude Oil inventories fell by 1.5 Million barrels against
an estimate of 3.2 Million barrels .
This was the fifth straight week of falling crude oil inventories ,
Currently trading at $ 49.41
In the Mcx Crude Oil yesterday hit a high of Rs 3158
And a low of Rs 3101
In the Mcx Currently trading at Rs 3150
Next upmove can be seen only above Rs 3190
And if holds below Rs 3150
Could test support at 3100
LEVEL S ARE AS UNDER
SUPPORT 1 3120
SUPPORT 2 3105
SUPPORT 3 3090
RESISTANCE 1 3165
RESISTANCE 2 3200
RESISTANCE 3 3230
WAIT FOR CONFIRMATION
MARKET LEVELS TO WATCH PUT FOR
Crude Oil prices drifted lower on Thursday morning trade in Asia .
Market is waiting for more Rig count figures of Baker Hughes
and more reports on OPEC compliance with out put cuts .
Crude Oil inventories fell by 1.5 Million barrels against
an estimate of 3.2 Million barrels .
This was the fifth straight week of falling crude oil inventories ,
Currently trading at $ 49.41
In the Mcx Crude Oil yesterday hit a high of Rs 3158
And a low of Rs 3101
In the Mcx Currently trading at Rs 3150
Next upmove can be seen only above Rs 3190
And if holds below Rs 3150
Could test support at 3100
LEVEL S ARE AS UNDER
SUPPORT 1 3120
SUPPORT 2 3105
SUPPORT 3 3090
RESISTANCE 1 3165
RESISTANCE 2 3200
RESISTANCE 3 3230
WAIT FOR CONFIRMATION
