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Friday, August 2, 2013

2 August MCX energies updates|| Crude oil break level of 6600 , MCx mentha oil goes bearish on intraday trading


Today in energies commodity mixed trend are watched on opening at domestic commodity exchange, MCX crude oil for future delivery open at 6575 against its previous close at 6557 , a good rally had seen on thursday trading session , due to certain increment in Dollar demand Crude oil prices jump in domestic market. On intraday trading crude oil is bullish and expected more increment in coming week at MCX,
natural gas for future delivery are bearish on continuously second day, today it open at 206.50 agianst its last close of 206.70. on day trading more decrement is observed in today trade with some correction in evening time.
Mentha oil is open in positive side on Friday morning at 915 against its last close of Rs 912, on early trading hour a positive movement seen and mentha oil touch a high of 922. for whole day mentha oil is expected to trade in volatile side with positive side.

BUY CRUDE OIL AUGUST ABOVE 6590 TGT 6600, 6620, 6650 STOPLOSS 6550

SELL NATURAL GAS AUGUST BELOW 205.50 TGT 205, 204.50, 204 STOPLOSS 207

SELL MENTHA OIL AUGUST BELOW 912 TGT 910, 908, 905 STOPLOSS 918

SELL COPPER AUGUST BELOW 423.50 TGT 422, 421, 419 STOPLOSS 426

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