Friday 26 September 2014

CAPITAL STROKE UPDATE 26-September-2014 : MCX CRUDE OIL




CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-5850 R1-5770 S1-5660 S2-5580

Crude prices pared most of its gains despite relatively solid U.S. data, as concerns the global economy is awash in oil watered down demand for the commodity.

Top oil exporter Saudi Arabia is likely to keep its output steady throughout the rest of the year as world consumption is expected to rise.

Libya's oil output has climbed to 925,000 bpd, with major El Sharara oilfield at 200,000 bpd, an official said.

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