Crude oil have kept on sliding and it will be interesting to see the moves as commodity enters expiry month. On MCX August contract ended at Rs 2198 per barrel on 3 August 2015 against Rs 3038 per barrel on 31 July 2015. Crude Oil showed increase in open interest. It is expected that prices moving below Rs 3000 now will bring more losses. On Monday, Crude Oil tested a high of Rs 3035 and a low of Rs 2970 per barrel. Open Interest was 24236 on 3 August 2015 against 19184 on 31 July 2015.
Post A Comment: