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Kriti Nutrients: Rising Edible Oil prices augurs well!1. Kriti Nutrients is a manufacturer of Soya value-added products, used in the pharmaceutical application, food and edible refined oil. Market cap - 191 cr; PE 9.52; EPS - 4.17. 2. Atul Singh ASAN's pick. Spotted by him first and excellent study by him on twitter. 3. Company doing sales ~600Cr. 4. Return on Equity at 25% and Return on Capital Employed 27%. 5. Since edible oil prices are soaring and will continue to increase this entire year well into December 2021, this stock is a sureshot multibagger 3x-5x for sure!
BSE:KRITINUTLong
by Thankful1234
2
Brent oil drops from 21-DEMA as EverGiven refloats in Suez CanalEver Given’s refloat in Suez Canal opened the one-week-old blockage in the busy global route during early Monday. The move not only helped market sentiment but also weighed on the oil prices and dragged Brent Oil from 21-day EMA. Given the fundamental reason and the commodity’s repeated failures to cross the key EMA, the quote is likely to revisit the 61.8% Fibonacci retracement level around $61.15. However, any further downside will be tamed by the monthly low of $60.44 and the $60.00 psychological magnet. Meanwhile, an upside clearance of a 21-day EMA level of $64.85 can trigger the oil benchmark’s recovery moves towards the one-month-old horizontal resistance around $67.45-50. It should, however, be noted that a sustained rise past-$67.50 will propel Brent oil towards the mid-March top near $70.50 before directing oil bulls to the monthly peak of $72.00.
TVC:UKOILShort
by MTradingGlobal
Brent oil seeks fresh buying but $65.00 probes buyersBrent oil’s bounce-off early February low has a bumpy road ahead as 200-SMA joins the previous support line from February 19 to challenge the commodity buyers around $65.00. Even if the black-gold prices conquer the $65.00 hurdle, March 10 low and February 25 top, respectively around $67.00 and $67.70 could test the oil bulls. It should also be noted that bearish MACD suggests further hardships for the commodity’s corrective pullback. Meanwhile, six-week-old horizontal support around $61.85 restricts the quote’s immediate downside ahead of 61.8% Fibonacci retracement level near $61.00 and the $60.00 psychological magnet. If at all the oil bears dominate past-$60.00, the late January tops surrounding $56.00 may return to the chart. Overall, oil bears are likely rolling up their sleeves to consolidate the latest run-up.
TVC:UKOILShort
by MTradingGlobal
Brent oil bulls confront key hurdle around $72.00Having failed to conquer $72.00 during early 2020, Brent bulls again confront the key hurdle comprising 78.6% Fibonacci retracement level of October 2018 to April 2020 south-run. Although fundamentals are favoring the black-gold buyers, overbought RSI and the strong upside resistance challenge the commodity’s further upside around $72.20. If at all, the bulls conquer the same, April 2019 peak surrounding $75.50-60 can validate the run-up to the late-2018 top near $87.00. Meanwhile, the $70.00 psychological magnet can offer immediate support to the energy benchmark before recalling the mid-February lows close to $62.00. It should, however, be noted that the oil bulls should remain hopeful unless the quote drops below 61.8% Fibonacci retracement and 200-week SMA area near $60-59.00. Following that, the bottoms marked during January 18 and 22, 2021, close to $54.50, will be in the spotlight.
TVC:UKOIL
by MTradingGlobal
Brent oil bulls dominate inside gramophone at 13-month topTrading sentiment on the floor remains quite depressing as markets await Fed Chair Powell’s half-yearly testimony. However, the bullish chart formation on the four-hour play keeps Brent oil buyers hopeful, despite the latest pullback from $66.76. It should, however, be noted that the oil bulls need to stay away from $63.40 and $62.90 supports comprising 50-SMA as well the gramophone support. If at all the quote slips below $62.90, the $60.00 threshold and 200-SMA level of 58.60 will gain the market’s attention. Meanwhile, the $67.00 round-figure should lure the short-term buyers before testing them by the gramophone’s upper end near $67.40. It’s worth mentioning that July 2019 peak surrounding $68.20 and the $70.00 will offer extra filters to the north of $67.40. If at all the oil buyers remain dominant past-$70.00, the previous year’s peak close to $72.30 should return to the chart.
TVC:UKOILLong
by MTradingGlobal
💡Brent Crude Oil - Weekly technical analysis updateMidterm forecast: 54.40 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. A peak is formed in daily chart at 64.83 on 02/18/2021, so more losses to support(s) 58.65 and minimum to Major Support (54.40) is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 66. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
FX_IDC:USDBRO
by ForecastCity_ME
2
💡WTI . Weekly Technical Analysis UpdateMidterm forecast: 51.60 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. A trough is formed in daily chart at 51.60 on 02/01/2021, so more gains to resistance(s) 63.10, 66.50, 72.55 and more heights is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 79. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
TVC:USOIL
by ForecastCity_ME
4
💡Brent Crude Oil - Weekly technical analysis updateMidterm forecast: 54.40 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. A trough is formed in daily chart at 54.40 on 02/01/2021, so more gains to resistance(s) 62.30, 66.05, 70.35 and more heights is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 73. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
FX_IDC:USDBRO
by ForecastCity_ME
2