Sunday 10 June 2012

MCX Crude Oil Update and Trend Today

MCX Crude Update 11 June 12, MCX Trading Tips, Commodity Tips, Commodity Level, Support, MCX Crude Tips, Intraday Commodity Market Position

Crude Oil has introduced Strong Position in International market today, while last week it was slumped down more than 2 percent on Friday. NYMAX Crude is trading more strong level with above 2.5 percent.

The Crude strong position in international market also supported to local market. MCX Crude Oil has opened positive at Rs 4678 in June future contract. Today it has highest touched 4773 with near to 2 percent.

Live view of MCX Crude oil is trading above 1.95 percent at Rs 4766. Analyst said now it will go down.

MCX Crude Oil Level Today: Crude has resistance level at 4700.4. If this will break then next resistance level will be at 4743.1. It has support 4649.7 to 4607.

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