Friday, 8 June 2012

MTECHTIPS


MTECHTIPS-  mcxcrude oilfutureanalysis for june 2012:-
today mcx crude oil future given fresh downside breakout as it tumbled today 2% and trading at 4586 now.today’s low was 4583 means now at days low.on above daily chart of crude oil future since aug 2011 to today 8 june 2012.crude broke major support of 4605 and that will real trigger for short term if today closed below this mean in june series traders can expect 4250 to 3885 as targets.4250 will be first major support on downside which was top of sep 2011 while 3885 will be second support and which was oct 2011 bottom.

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