Thursday 21 August 2014

CAPITAL STROKE UPDATE 22-August-2014 : MCX CRUDE OIL



CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-5900 R1-5820 S1-5670 S2-5600

Crude oil gains lifted by supportive economic data from US after a plentiful supply picture and Chinese economic data had earlier pressured prices.

Saudi Arabia produced 10 million barrels per day (bpd) of oil in July, up from 9.780 million bpd in June, an industry source said.

OPEC member's oil production has risen in the past few weeks to around 560,000 barrels a day as ports in the east have resumed work.


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