Friday 10 October 2014

CAPITAL STROKE UPDATE 10 October 2014 : MCX CRUDE OIL



CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-5400 R1-5320 S1-5200 S2-5150

Crudeoil dropped as investors continued to worry over demand growth prospects and a supply glut.
Prices fallen as geopolitical risks from the Middle East to Ukraine failed to disrupt oil supplies.

IMF's downward revision to its outlook for the global economy and a reduction in oil prices by Saudi Arabia's Aramco also contributed to oil's decline.

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