Stock_for_YOU Brent, US Oil Drop More Than $4.5 on Demand View.. FRM YESTERDAY..NIGHT TILL NOW.. SILVER LOST 5% ..

Nymex WTI LOST $4.5 ON DEMAND VIEWs..

SILVER LOST 5% ON CME FRM $41.97 TO $39.72 AS PROFIT TAKING CAME  N MCX FRM 61450 TO 59350 SILVER CAN MAKE MORE LOSSES IF BREAK $39.7 N 59200 ON MCX IT MAY SEE 4% FALL MORE... IF BREAKS THE DAILY SUPPORT>> AS RISE AS WE THE RISE STARTED FRM BREAK OF $39.7 on 7th april now finished.. so.. it could be the support now... lets wait see wat happnes...then trade..

FRM $113.2 TO $108.1 LOWS SEEN ON WTI SO...

MCX CRUDE OPNED 1% At 4990 SO.. we made shorts here.. as said in privious mail.. IF BREAK $111.2 then it fall so.. shorts from 4990-5002 NOW 4830 it made nearly 4% for Us.. IT MAY TAKE SUPPORT AT 4772-85,, ON NYMEX $107.2.. N  IF BREAK 4770 THEN U MAY SEE MORE FALL IN PRICES..

Brent and U.S. crude fell more than $1.50 a barrel on Tuesday on concerns demand may wane on high fuel prices and after Goldman Sachs advised investors to lock-in trading profits before oil and other commodity markets reverse.  

In London, Brent crude [LCOCV1  122.52    -1.46 (-1.18%)   ] fell as low $121.97 a barrel while on the New York Mercantile Exchange, U.S. light, sweet crude [CLCV1  108.15    -1.77  (-1.61%)   ]dropped to a low of $108.15 a barrel.

"Open interest has been building up since the start of the new quarter in April, reflecting fresh inflows of speculative money into the oil market," said an energy analyst at a leading Japanese trading house. 

In a report to clients, Goldman noted "nascent signs of oil demand destruction in the United States" that could drag prices down, as well as the possibility of a Libya ceasefire. The bank also said Nigeria's elections, which had added further risk to oil markets, had thus far not caused supply disruptions. 

"The Goldman report put a damper on this flow, at least for now, given that there was a sense of an overshoot in the market," the energy analyst said.

Reuters technical analyst Wang Tao also saw further retracements for Brent and U.S. oil. 

Demand, Middle East

Weekly oil inventory reports will offer a fresh snapshot of U.S. demand and stockpiles. Analysts surveyed on Monday expected crude stocks to have risen last week, with distillate stocks dipping and gasoline stocks dropping.

Oil data from industry group the American Petroleum Institute is due later on Tuesday.

The International Monetary Fund warned in its World Economic Outlook on Monday that soaring oil prices and inflation in emerging economies pose risks to the world economy but are not yet strong enough to derail it.

Demand concerns however remain for No. 3 oil consumer Japan, where the evacuation zone around its damaged nuclear plant was expanded because of high levels of accumulated radiation, as a strong aftershock rattled the area.

Support for the market comes on continued unrest in Libya, which has cut export supplies from the OPEC member. An African bid to halt Libya's civil war collapsed on Monday after Muammar Gaddafi's forces shelled a besieged city and rebels said there could be no deal unless he was toppled.

With Libyan production curbed sharply, Saudi Arabia has raised output. A senior Gulf source dismissed doubts among analysts about Saudi Arabia's claimed 12.5 million barrels per day capacity, saying such doubts were the work of speculators trying to manipulate oil prices...

-- 
Warm Regards,
Omesh Shukla>>>
EARN YOUR PRIDE>>>

--
Regards,
Prasanth KS
http://www.stockforyouindia.com/
To get sure stock tips send (sms) PREMIUMHELP to 09446701641
Email- prasanthks@stockforyouindia.com
To post to this group, send email to stockforyou@googlegroups.com
For more options, visit this group at
http://groups.google.com/group/stockforyou?hl=en?hl=en