Wednesday, April 22, 2015

MCX Crude Oil & Natural gas Decline, What to do Next


MCX Crude oil Prices are seeing decline trend today . Nymax crude oil fell nearly 1 percent. With nearly 2 percent in the domestic market is trading below 3530 is Rs. Crude oil from Saudi Arabia to Yemen rolled off attacks. The US Energy Department released today by market watchers remain on inventory data. According to the American Petroleum Institute, the oil reserves of 55 million barrels last week, the US has increased.

Natural gas prices have also declined. About 1 per cent on MCX Natural gas is trading below Rs 161 with osteoporosis.


Now Buy MCX Crude and Natural Gas

Crude oil: Day trader can Buy MCX Crude Oil near at 3525 to 3535 for May contract targets 3555, 3575 stop loss 3511.

Ntaural Gas: Buy MCX Natural gas near at 160 for may delivery targets 162, 164 stop loss 158.  
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