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Monday, April 4, 2011

MCX Crude Oil Sell

Sell crude below 4800 target 4785, 4765 stoploss 4825

Crude Oil Trading strategy
Crude oil is the most widely used energy material in the world. Crude oil is a mixture of hydrocarbons that exists in a liquid phase in natural underground reservoirs. Oil and gas account for about 60 per cent of the total world's primary energy consumption.

Crude oil - as petroleum directly out of the ground is called - is a remarkably varied substance, both in its use and composition. Crude oil is formed from the preserved remains of prehistoric zooplankton and algae, which have been settled to the sea (or lake) bottom in large quantities under anoxic conditions. It was formed over millions of years from the remains of tiny aquatic plants and animals that lived in ancient seas due to compression and heating of ancient organic materials over geological time. The oldest oil-bearing rocks date back to more than 600 million years, the youngest being as old as about 1 million years.

MCX Crude Trading tips

Silver is top Commodity of Today in MCX Trading

MCX Crude Oil and Lead Call for Evening today
Crude oil (April ): Buy – Above 4820, Stoploss - 4780 Target - 4880

Lead (April ): Buy - Above 124, Stoploss - 123 Target - 126

MCX Commodity Market News today

Today's silver is top Commodity . 1 percent gains of silver on MCX trading.
First let's talk about silver. Provide investors with thick silver glitter and has increased revenue. Mumbai spot market at Rs 57 800 kg of silver expressions have reached record levels. The effect of the boom in foreign markets has had on domestic business. So in May silver futures on MCX has crossed Rs 56 600. COMEX 38 dollars per ounce on the silver Trading is up. Special thing is that during the year in the last three months about 23 percent silver investors have great returns.
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