Crude Oil WTIIts been observed Oil making upward move from quiet a time now and forming flag and pennant pattern in its upward movement. To take new position lets wait for the breakout on either side of trend line on lower time frame of 1 hr for confirmation and then take decision until then just wait till this whipsaws get clear.
You guys can check out my last update on Crude Oil WTI in my profile where buying above $ 55 was been suggested.
Commodities
FINANCIAL MARKETS AND BUSINESS CYCLEIt is important to understand that primary trends of stocks, bonds, and commodities are determined by the attitude of investors during unfolding of events in the business cycle. An understanding of the interrelationship of credit, equity, and commodity markets provides a useful framework for identifying major reversals in each.
MARKET MOVEMENTS AND BUSINESS CYCLE
The bond market is the first financial market to begin a bull phase. This usually occurs after the growth rate in the economy has slowed down considerably from its peak rate, and quite often is delayed until...CONTINUE READING: tradersworld.co.in
Oil prices | Oil companies | contradictorycrude oil prices are heavily falling in past 3 - 4 weeks.
we can see good quarterly results in oil-based industries.
it will also affect petrochemicals prices.
so take a watch on companies which are in this sector, or having petrochemicals as a raw material.
USDINR levels for october series #CURRENCY I personally am bullish on rupee and bearish on USDINR , looking TO CREATE MORE SHORT POSITION!