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Friday, December 30, 2011

Crude Updates: Trend and Technical Levels for Today

Crude prices tested the support area at 5251, today we can expect prices to test 5371, traders are advised to buy Crude Oil around 5311 – 5301 with a  strict stop loss of 5251.
  • Nymex Crude (Feb): Support 98 - 98.8, Resistance 100 - 101.
  • MCX Crude (Jan): Support 5222 - 5275, Resistance 5342 - 5392.

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