As expected oil future prices have opened on a higher note in MCX, currently trading above Rs.4760 near 2 percent.
We may expect the positive trend to continue for the day on account of Spain bailout plan and rise in China’s crude oil import.
However gains may be limited ahead of OPEC meet on 14 Jun, where concern of lower demand may lead to prodcution cut by OPEC members. Trading range for the day will be Rs.4700-4820
Free Recommendation (HIGH RISK) :
Crude Oil June MCX : Sell in the range of 4755-75,T1: 4735,T2:4715,SL: 4821..CMP 4755 – www.Commodity20.com
@ 11.06.12, 03:21 PM
Call was Activated on Cmp:4755 @ 03.26 PM ,
Than Made High of 4760 @ 4:12 PM
Free Recommendation (Update) :
Crude Call,Sold @ 4755,Cmp:4735,One Can Book Profit of Rs.2000+ per Lot – www.Commodity20.con @ 11.06.12,05:05 PM
Free Recommendation (Update 2 ) :
Crude Call,Sold @ 4755-75,Cmp:4715,Every one Profit of Rs.4000+ per Lot – www.Commodity20.con @ 11.06.12,06:55 PM