Crude trading range: 5964-6304
02 July 2008 10:50:32
Crude oil rose for a second day in New York to near a record after the International Energy Agency said supplies may not keep up with demand. Now support for the crude is seen at 6056 and below could see a test of 5964. Resistance is now likely to be seen at 6226, a move above could see prices testing 6304.
• TRADING RANGE IS 5964-6304.
• SELL CRUDE BELOW 6120 SL 6156 TGT 6078- 6054-6030-6010.MCX
• ONLY BELOW 5970 TGT 5680. ELSE 6000-6180 IS THE TREND
MCXARUN
9994500540
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