Crude Oil May contract facing resistance at every point above 5500 and giving opportunity every time to sell on rise for profit of 30-40 points. It is still a good bet to sell till it crosses above 5525 as there are very thin chances to go above this level considering the health of global economies. But if USDINR gives some adverse movement then we can see some upward move in price due multiplier effect as we are the importer countries and currency impact may hit our view of sell on rise for a movement but overall it is about to come down as its MACD may show some diversence and it is about to get reversal after forming double or triple bottom on daily charts.
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12:36 PM 04/27/2012) CRUDE SELL CALL UPDATE: BOOK A PROFIT AT 5485 OR TRAIL UR SL AT 5505 FOR FURTHER TGTS
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