CRUDE OIL
Global crude oil price move slightly higher on Wednesday trading.In the china oil demand has risen by 9.1% in the last month with an average of 10.5 mn barrels per day. On the Indian MCX crude oil is tarding positive on the Thursday morning its last close 4983. Currently crude oil is in the strong position with a good volume. Today crude oil is trading between 5074-4891. Recently Crude is recover from the middle east tension in the global market. The Asian market is in the very good position for trading in the crude , while the US market is also consolidate its positon in the crude, it is expected that Us wil become the top supplier to the end of 2016 in the natural gas and oil.
Today sell calls :-
SELL SILVER MAR BELOW 57450 TARGETS 57385 , 57300 , 57200 STOPLOSS 57577
BUY JEERA MAR ABOVE 14950 TARGETS 14980 , 15010 , 15050 STOPLOSS 14890
Sell gold below 30610 ..tgt 30560 , 30500, sl 30800
Today buy calls :-
Buy cotton DEC above 16430 ..tgt 16440, 16450, 16470, sl 16980
Buy mentha oil above 1398 tgt 1400, 1420,1450,, sl 1350
Buy crude oil above 5000, tgt 5015, 5025,,5030 ,sl 4970
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