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Sunday, June 24, 2012

POSITIONAL CALL :- SHORT CRUDE OIL @.........25 JUNE 2012

POSITIONAL CALL :- SHORT CRUDE OIL @ $79.85 - $80.15, CMP @ 79.92, STOP LOSS ABOVE @ $81, TARGET @ $76 - $73 - $71.85.


ALERT :- Hedge funds reduced bullish oil bets to a 19-month low in the seven days ended June 19, according to the Commodity Futures Trading Commission’s Commitments of Traders report on June 22. Money managers, including funds, commodity pools and commodity trading advisers, cut wagers for a seventh week, paring futures and options combined by 5.9 percent to 122,815, the lowest level since Oct. 1, 2010.

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