Sunday 8 June 2014

CAPITAL STROKE UPDATE 9-June-2014 : MCX CRUDE OIL





CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6200 R1-6120 S1-6000 S2-5920
Crude oil settled flat as prices were seen support after a solid jobs report in US pointed to economic strength and growing oil demand.
Oil's gains were limited, however, as market players eyed developments over Ukraine.

Total crude inventories remain high in US although new pipeline capacities have drained stocks at delivery point in Cushing, Oklahoma.

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