EPICRESEARCH COMMODITY UPDATE: CRUDEOIL

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epicresearchindore

Epic Research
Prices held Fibonacci support at 4652, which seems invincible so far. The ensuing buying momentum is likely to extend towards 4705 region for a turn lower. Above this region with stiff volumes could see target price objective of 4725-45/4770. On the flipside, splinter past 4652 region could open gate for bears to stamp authority to 4625/4580 levels.
 
EPIC AGRI COMMODITY UPDATE:CRUDE OIL

Crude Oil Inventories rose to a seasonally adjusted annual rate of 2.707M, from 3.256M in the preceding month indicating that the demand for the commodity in US, world’s largest consumer of crude oil is weak. At the MCX, crude oil futures for April 2013 contract were trading at Rs. 5,175 per barrel, down by 0.46 per cent, after opening at Rs. 5,193 against the previous closing price of Rs. 5,199
 
EPIC AGRI COMMODITY UPDATE:CRUDE OIL

Coriander prices extended gains, rising by 2.09 per cent on Tuesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the investors enlarged their holdings tracking the surge in the demand for the commodity. At the NCDEX, coriander futures for April 2013 contract was trading at Rs. 7,585 per quintal, up by 2.09 per cent, after opening at Rs. 7,519 against the previous closing price of Rs. 7,430.
 
Re: EPIC AGRI COMMODITY UPDATE:CRUDE OIL

EPIC COMMODITY UPDATE : U.S.CRUDE

U.S. May crude settled up 44 cents at $94.64 a barrel, having swung from $93.40 to $94.82
 
EPIC AGRI COMMODITY UPDATE:CRUDE OIL

EPIC COMMODITY UPDATE : U.S.CRUDE

U.S. May crude settled up 44 cents at $94.64 a barrel, having swung from $93.40 to $94.82
 
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