Thursday, January 29, 2015

Oil Prices rise in early noon trades


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. 
BUY CRUDEOIL Below 2740.00 T1- 2800.00 with SL- 2700.00
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.

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.

1 comments:

  1. This site is very good to me. Because this site has much more sense post. So I am posting at the site. I would like to know more of the unknown. Top posts and takes a lot of good to me and to all of the beautiful and the good. The post is pretty much articles. Artwork in this post is very good site.
    write article and get paid instantly

    Thanks

    ReplyDelete

 

Blogger news

You are advised to take your position with your sense and judgment.The views and investment tips expressed by users on mcxtipstoday are their own, and not that of the website or its management. mcxtipstoday advises users to check with certified experts before taking any investment decisions. If any other company also giving same script and recommandation then we are not responsible for that. We have not any position in our given scripts. Visiting our web one should by agree to our terms and condition and disclaimer also. All credit goes to original authors of post on this website. Website owner is not responsible for any loss due to your own decision or judgement. Thanks for Visiting our Website.

Blogroll


share