Buy MCX Crude oil; target of Rs 6075: Dani Commodities
Dani Commodities has come out with its report on metals & energy. According to the research firm, one can buy MCX Crude oil at Rs 6020 with a stop loss of Rs 5992 for target price of Rs 6075.
October 24, 2013 / 15:46 IST
Dani Commodities' report on metals & energy
Crude oil prices closed at Rs 6017 per barrel on 23 October 2013*The prices slipped below Rs 6000 per barrel to close at Rs 5957 per barrel*The metal tested a high of Rs 6068 per barrel*Resistance for the contract is at Rs 6100 per barrel*However supports of Rs 5790 per barrel have turned active as the long term range has been broken by Crude Oil on Wednesday.MCX CRUDE OIL
International: Major Support for WTI at USD100 Bullish above USD 100
Domestic: Buy at 6020, Stoploss 5992, Target 6075.MCX NATURAL GAS
Domestic: Sell at 225, Stoploss 227, Target 222.MCX GOLD
International: Major Support at USD 1250. Bearish below USD1250.
Domestic: Buy at 30150, Stoploss 30070, Target 30280.MCX SILVER
International: Major Support at USD19. Bearish below USD19.
Domestic: Buy at 49800, Stoploss 49550, Target 50500.MCX COPPER
Domestic: Buy at 447, Stoploss 445, Target 451.(Prices in Rs.)Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. 
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