Wednesday 1 October 2014

CAPITAL STROKE UPDATE 1 October 2014 : MCX CRUDE OIL



CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-5920 R1-5850 S1-5700 S2-5620

Crude oil prices seen under pressure on higher levels because of strong supply and a surging dollar.
The American Petroleum Institute said oil inventories last week fell 463,000 barrels, gasoline stocks dropped 2.5 million barrels.
OPEC's oil supply jumped to its highest in almost two years in September due to further recovery in Libya and higher output from Saudi Arabia.


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