We expect MCX Crude oil prices to come under pressure as US debt worries weigh on market sentiments. Dollar strength is also a negative factor and this coupled with poor economic data from the US will lead to pressure on prices. However, any news or development on the hurricane front in the US could support sharp downside in prices.
MCX Crude Updates, Technical Views
Posted on Thursday, July 28, 2011 by Unknown in
Labels:
Commodity Intraday Outlook,
Commodity Outlook,
Crude Oil,
MCX commodity,
MCX Crude Oil
on Thursday, July 28, 2011
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