Mtechtips CRUDEOIL MCX BUY ABOVE 4650 SL 4610 TGT 4720 TGT 4750

Mtechtips CRUDEOIL MCX  intraday trading analysis 31-10-2012

crude oil nov future today closed at 4663 .today after lower opening we seen buying and short covering on weak rupee but not sustained as nymex crude trading lower on caution of “sandy hurricane”.but weak rupee will remain lifting factor for domestic crude oil prices.today low of 4625 is intraday support while on upside 4690 and 4715 are major intraday resistances.

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