Tuesday, September 2, 2008
CRUDE MELT DOWN...
Crude after making some noise till $ 120..is hovering in the region of $111-112 , with hurricane GUSTAV losing momemtum ,any break here can take it further down,which is a good news for all the markets specially asia..markets made smart recovery yesterday..closely watch 4364-4390-4398 range for resistance & 4335-4304 for supports,,only a few closes above 4400 can take us towards recent highs..being a truncated week with a holiday tomorrow , there may be cautious low key moves today..trade accordingly..cheers
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2 comments:
Very precise reading of the market and the correlation between crude and India is more profound than any other markets in the recent times.
thanx mate..am trying to find more time for writing here..
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