MCX INDIA COMMODITY NEWS. (3).pdf


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COMMODITY PICK OF THE DAY: CRUDE OIL

MCX CRUDE OIL Dec., Monday as seen in the daily chart opened at 2870 levels and day high
of 2894 levels. During this period price corrected & made day low of 2840 levels finally
closed at 2851 levels. Now, there are chances of further upward movement technically &
fundamentally.


The market is shifting its focus to a meeting of ministers from the Organization of the Petroleum Exporting Countries, which
is set for Vienna on Dec. 4.

DAILY RECOMMENDATION: BUY MCX CRUDE OIL DEC., ABOVE 2870 LEVELS FOR TARGET OF
T1 2970/T2 3000 WITH SL OF 2770 LEVELS.

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