Crude oil fell for a second day, extending the biggest monthly decline since 2004, on concern global consumption is falling amid slowing economic growth. Now support for the crude is seen at 5205 and below could see a test of 5133. Resistance is now likely to be seen at 5396, a move above could see prices testing 5515.
Trading Ideas
TRADING RANGE IS 5133-5515.
SELL CRUDE @ 5370-5400 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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