Monday, August 4, 2008

crude intraday

Crude oil rose for a second day as a storm threatened U.S. output in the Gulf of Mexico, and Israeli and U.S. officials sought additional sanctions against Iran. Now support for the crude is seen at 5164 and below could see a test of 5039. Resistance is now likely to be seen at 5432, a move above could see prices testing 5575.

Trading Ideas

TRADING RANGE IS 5039-5575.
BUY CRUDE ABV 5314 SL 5296 TGT 5326-5348-5360. MCX
SELL CRUDE @ 5390-5400 SL 5426 TGT 5356-5320-5286. MCX
THE RANGE IS 121-128$ SO LOOK FOR THE RANGE AND TRADE

MCXARUN
9994500540

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