29 July, 2014 06:04 IST
News
Crude oil may see downward move any time: Astromoneyguru
Source: IRIS (15-NOV-12)
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Commenting on the market outlook, Ajay Jain, CEO of Astromoneyguru.com said, ''15th day of November month is represented by planet known as Venus and Year 2012 represented by Mercury. Today Venus is in Virgo and Saturn is with sun and Mercury is with Rahu and Moon. Right now four planets out of nine are retrograded conditions Rahu, Ketu, Jupiter and Mercury. All four planets are either together or apposite to each other. This unique combination may lead weakness in Crude oil any time. Right now crude oil is trading around USD 86-87 per barrel and MCX it is trading around Rs 4,797-4,800 levels per barrel.''

''As per stars crude oil may see downward movement in electronic trading platforms in next 2-3 trading sessions. Therefore crude oil traders need to careful in long positions. Expected levels of crude oil below USD 84 per barrel in next 2-3 trading sessions,'' he added.

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