crude intraday

Crude oil fell for a third day in New York, trading near $118 a barrel as demand may be further eroded by economic slowdowns in the U.S., Europe and China. Now support for the crude is seen at 5001 and below could see a test of 4944. Resistance is now likely to be seen at 5118, a move above could see prices testing 5178.

Trading Ideas

TRADING RANGE IS 4944-5178.
CRUDE BELOW 120$ BEARISH TILL 116.70-112.40$.
CRUDE INVENTORY EXP: 0.1M VS -0.1M
SELL CRUDE ON JUMP @ 5120-5150 SL 5198 TGT 5062-5022-4980-4930-4860. MCX
SELL CRUDE BELOW 4960 SL 4990 TGT 4911-4848-4800-4760. MCX

MCXARUN
9994500540