MCX CRUDE OIL:

HAS BEEN MOST IN DEMAND FROM PAST FEW WEEKS,

CURRENTLY IT IS TRADING @ 4947, TECHNICALLY IT HAS TO BREACH 4975 MARK FOR LONG UPMOVES,

SO AS PER CMP & DAY'S HIGH, IT IS TRADING IN MID RANGE...............

TECHNICAL MANNERS ARE DONE, NOW LETS COME TO S&D

(SUPPLY & DEMAND)

LIBYA HAS RESTARTED PRODUCTION @ ITS "EL FEEL" OIL FIELD, WHICH IS ALSO KNOW AS "ELEPHANT" BECAUSE OF ITS SIZE PUMPING 40,000 BPD (BARREL PER DAY),

AS THEY FEEL THIS IS JUST START OF ON SMALL BASE DUE TO LACK OF

"ELECTRIC POWER"

THIS MAY BE THE SIGN OF CRUDE UPSIDE IS NEAR TO END.