Crude oil Technical Update 08.08.12
Crude oil Sep Nymex future prices have breached the resistance at $94.42 and witnessed an intraday high of $94.72. Sustained trades above $94.40 levels may help the prices to gain towards $95.10 and then $95.90 levels. Key support level to watch for intraday is at $92.90 levels, which is likely to hold positive view.CMP 92.45
Crude oil Aug MCX future prices are expected to move in the range of 5160-5225 with positive bias. Intraday traders can build up long position on dips.
As We Suggested in Earlier Post, Made Dips up to 5171, Hope you Made a Long Positions, CMP 5205 Â @ 08:40 PM
