Monday 16 June 2014

CAPITAL STROKE UPDATE 17-June-2014 : MCX CRUDE OIL





CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6550 R1-6480 S1-6350 S2-6280
Crude oil settled up but gave up all its earlier gains to end a tad lower, despite the escalating violence in Iraq.
The rally lost some steam as the Iraqi government tightened security and deployed extra troops around oil infrastructure and oilfields

Investors also weighed some upbeat economic data from U.S. with both industrial production and homebuilder confidence rising more than expected.

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