Monday, August 3, 2015

Crude Oil On MCX Crude has declined by a record level @ Sell Crude Oil

The decline in crude oil has increased. Domestic crude oil prices have plummeted by Rs 3,000. In fact the last 4 months and Brent crude in the international market WTI have come to the 6-month low. Iran supplied the pressure on prices is projected to grow. Indeed Iran is waiting just recessive economic ban. The rupee has fallen strongly in the domestic market of crude.

Decreased demand for crude oil as well as in China, while China is the second largest consumer of crude oil in the world. Last month, crude has fallen 15 per cent.The record levels in July, OPEC's crude production that has also dominated the weakness.

Trading Tips : Sell MCX Crude oil 3010 targets 2985, 2960 stop loss 3037.


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