Crude oil edged high on Thursday, It was trading upto 0.87 percent with 25 points at 2748rs. It touched a intraday high of 2760 and low of 2740 and closes at 2772rs with Pivot points 2792.
Trades on your own:
● When
to sell Crude Oil? Watch out for S1, if it touches the target
and the market recovers by 15-20 points thereafter, our analysts
suggest investors should sell crude oil, with the stop loss of S1 +
40 points. The targets in this case would be S2 and S3, where S4 will
become the strong support.
● When to buy Crude Oil? Watch out for R1, if it touches the target and the market goes down by 15-20 points thereafter, our analysts suggest investors should buy crude oil, with the stop loss of R1 - 40 points. The targets in this case would be R2 and R3, where R4 will become the strong resistance.
● When to buy Crude Oil? Watch out for R1, if it touches the target and the market goes down by 15-20 points thereafter, our analysts suggest investors should buy crude oil, with the stop loss of R1 - 40 points. The targets in this case would be R2 and R3, where R4 will become the strong resistance.
At
the National Commodity and Derivatives Exchange:
Barley
for delivery in May advanced by Rs 10, or 0.81 per cent, to Rs
1,247.50 per quintal with an open interest of 980 lots. Marketman
also said that covering
up short positions by
speculators at
prevailing lower levels and mainly
influenced Barley
Prices at future trade here.
Seed Newsvine
0 comments:
Post a Comment