Monday, 17 August 2015

Oil Further Dips Follow Bearish Trend, live MCX tips for crude today

OIL future Slip into negative territory in Asian trade on Monday as U.S. oil prices dropping below the $42 a barrel mark due to that  the market remained under selling pressure.

On the MCX Platform oil futures have fallen for the last seven consecutive sessions  losing 1.6 percent to close at Rs.2780 per barrel.

Also, prices were under pressure as Bearish data included an increase in the U.S. oil-rig count by two stockpiles intensified worries over a growing global glut.  A rise in the dollar is expected to strengthen further, weighing on oil prices

MCX Crude Oil Tips Today
MCX Crude Oil AUG: Sell at 2780 Target  2746 with SL 2820

2 comments:

Epic Research said...

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Peehu Sharma said...

The Sensex is up 78.69 points or 0.3 percent at 26039.47 and the Nifty is up 17.45 points or 0.2 percent at 8019.75.
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