Crude oil price under pressure, MCX Crude Tips

crude oilCrude oil price under pressure despite of weak INR, in domestic market crude oil price slipped more than 0.5%. Global market is in negative trend. US Economical growth trend moved above 2.5 year level. Because of the attack on Libya’s Jalo Oilfields about 25000 barrels of daily crude production has decreased.

MCX Crude Oil 20OCT2014 (Futures) Sell below 5743 Target 5707.33 Stop Loss 5758.

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