Commodity market has seen a decline in Crude Oil. Crude Oil price under pressure after yesterday API report. According to API in United States 65 million barrels is falling significantly as compared to estimated 4 million barrels. Crude still traded below $92 at NYMAX while Brent crude price traded down $97. Natural Gas is in declining trend. MCX crude oil in the domestic market is trading with a loss of 0.43%.
MCX Crude Oil 20 OCT 2014 (Futures) Sell below 5617 Target 5599, 5586, 5568 Stop loss 5630.
MCX Natural Gas 25 SEP 2014 (Futures) Sell below 234 Target 233.40, 232.60, 231.90 Stop loss 235.60.