Sell MCX Crude oil; target Rs 6610: Dani Commodities

Dani Commodities' report on Crude oil

Crude Oil remained above Rs 6500 per barrel level on MCX. The prices settled at Rs 6551 per barrel. Supports of Rs 6480 and 6500 per barrel are intact in Crude Oil. A breach of these levels only will send alarm bells in traders mind. On a long term basis, a support level of Rs 6200 per barrel is in the making. The prices are expected to remain in range of Rs 6500 and 6560 per barrel today.

MCX CRUDE OIL
International: Major Support for WTI at USD100 Bullish above USD 100
Domestic: Sell at 6660, Stoploss 6700, Target 6610.

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