Energy: Crude oil futures on the MCX were trading lower
tracking the fall in benchmark contracts on the New York Mercantile
Exchange and on the slight appreciation in the rupee against the US
dollar. On NYMEX, crude oil futures traded mostly weak on release of
weak US manufacturing data and anticipation of a rise in US crude oil
stocks
MCX Crude oil April contract is looking positive for the day. Market may find support near 5270 & 5220; intraday resistance can be seen near 5320 & 5370. Day traders are advised to buy intraday on dips. (Buy around 5270 with SL 5220, for the target of 5320 & 5370.)
MCX Crude oil April contract is looking positive for the day. Market may find support near 5270 & 5220; intraday resistance can be seen near 5320 & 5370. Day traders are advised to buy intraday on dips. (Buy around 5270 with SL 5220, for the target of 5320 & 5370.)
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