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Tuesday, July 10, 2012

crude Trend and Commodity Tips For Today

Crude oil prices have declined sharply in international as well as domestic market. MCX crude has suffered more than 1.30% decline and it has slipped from Rs 4800/ Barrel to 4740 level. Brent crude has decline the most after  after Norway ended an energy strike. This has also affected the crude prices. The trade data is going to released today in china which may also affect the oil prices.

Crude Trend & Trading for Today- Trend is bearish  and if it does not see a bounce back at 4700 level, we can expect more downside in crude oil.

Sell Crude below 4680 TG-4650-4630 SL-4724

Buy Above 4755 TG-4790-4820

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