Brent crude below $112/bbl

By Gautam Broker, Research Analyst at CNBC-TV18

Dollar Index was close to 76. Euro was at a record low versus Swiss Franc. Euro sees a low of below 1.41.
 
Fitch has downgraded Greece further. S&P has revised Italy's outlook to negative.
 
Dollar strength, eco concerns put weigh on crude, base metals. WTI was down over 1%; Brent was below $112/bbl.
 
Hedge funds have cut exposure to oil. Gold is moving higher despite dollar. Spot Gold sees a high of over $1518/oz. LME Copper was below $9000/tonne.
CRUDE MCX JUNE
Admisi recommended Buy Crude MCX June at Rs 4535 with stop Loss of Rs 4500 for a target of Rs 4585.