September 20, 2011

Crude Oil Prices Today 20 Sept

Crude oil prices seen to move lower at the MCX Crude oil futures market. Crude oil is adversely effected due to Greece and Italy’s sovereign credit ratings concerns.

Crude Oil demand in US exerted lower pressure on the energy prices. If we discuss Crude oil supply concerns it seems to be easing as Libya anticipated to resume partial crude exports within next few days. Crude Oil prices are expected to trade lower, constrained by weaker signals around US and Atlantic. 

MCX Evening Call 
Crude Oil MCX (Sep) Call  
Short crude oil @ Rs4191 with a TGT 4026 and putting a Stop Loss of Rs 4251.

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