April 11, 2011

MCX Crude Call For 11 April

Commodity MCX April month contract for crude oil is get closed at price of 4880 rupees per barrel which is up by 86 rupees which is not alike of the previous 4794. MCX contract  for crude opened at 4887 made the same level as an intraday low and last traded 4915 up by 35 rupees. The said contract made an intra day high of 4942. MCX crude prices at international market is last traded near 111.3 price. MCX crude prices are in mode of rise on renewed energy demand
and can test 4960-5050 levels.

MCX Crude Tips For Futures
**MCX Crude Supp: 4850 and below it, MCX test at 4790, R1 4950, R2: 5020 respectively.
**MCX Short Term crude range Apr contract is at 4750-5000.
!!MCX calls and tips for positional traders:  
**MCX Crude Apr Buy: near 4875, SL 4825 wait for T1 4940 T2 4990.
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