Friday, July 29, 2011

CRUDE OIL TREND | TIPS TODAY 29 July

Crude oil trend is continuing with bearish mode from 3 consecutive days. There seems to be a  Decline in crude oil today.At Naimex crude oil is trading  around 97 dollars per barrel .Copper production in Chile fall on the LME is trading at about half per cent.

CRUDE OIL TREND TODAY :-

Crude oil trend today is consolidate, following are some technical levels for Crude oil today :-

RESISTANCE 2 :- 4450
RESISTANCE 1 :- 4390

SUPPORT 1 :- 4310
SUPPORT 2 :- 4250

STRATEGY :- BUY ON DIPS

CRUDE OIL TIPS TODAY :-

SELL -4375, stoploss-4400, target -4260

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