Sunday, August 23, 2015

Crude below $ 40 for the first time since 2009 : 22 Aug | MCX NCDEX Tips

US crude below $ 40 a barrel for the first time since 2009. WTI crude prices slipped more than 2 percent on Friday is closed . Over- supply and weak Chinese manufacturing data in the US crude prices since 1986, the longest weekly decline.

For the first time since 1986, when the US oil market is in decline for so long. US crude oil prices in the last eight weeks have been reduced by 33 per cent. In the past six and a half year it is the largest decline in the crude oil sector.

mcx tips

Brent oil price also fell by 2.75 per cent and 45.33 per barrel it is. During the last trading session at $ 39.86 per barrel WTI crude prices slipped. For the first time since 2009. Crude prices have fallen to $ 40 a barrel.

Commodity MCX NCDEX Experts told in the coming day Prices may get again fall. As a result, the coming days, the petrol , diesel and LPG prices may be cut.

Sell Gold Oct between 28050 and 28150 and maintain stop loss above28400. We can see the targets around 27600 and 27200 

Buy Crude Oil Sep above 5700 and maintain stop loss below 5630. We can see thetargets around 5790 and 5850

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