Thursday, 3 April 2014

Crude Technical Comment For 4th April

The descending triangle pattern for Crude Oil did not breach on Thursday. The prices of MCX Crude Oil for April expiry settled at Rs 6058 per barrel. The prices managed to decline marginally by Rs 94 on Thursday. If the trendline support of Rs 5960 is taken out of the equation, one can expect a selling wave in the Crude oil contract. After the last session trades it is expected that the prices of MCX Crude Oil can jump towards Rs 6090 but till Rs 6100 is broken, Crude Oil can be sold at those levels.

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  1. crude oil up trend last day at 5960 levels now today should be aggressive if touch 6100 then 6120,6140 , get daily live mcx calls visit on free commodity tips

  2. The crude oil technical update by Epic Research include that Crudeoil trading range for the day is 5596-5904.