CRUDEOIL1! I am waiting for a put-side entry confirmation.5200 pe 235 and 5100 pe 180Community discussions
CRUDEOIL1! I am waiting for a put-side entry confirmation.5200 pe 235 and 5100 pe 180CRUDEOIL1! If crude oil fails to cross 5150, or if it shows rejection from the 5150 level or nearby on an hourly basis, then crude may revisit the 5000 level. Further downside is also possible today or tomorrow.
CRUDEOIL1! India continued to import Russian crude at a rate of over 1 million barrels daily this month, despite U.S. sanctions on the two biggest exporters that came into effect in late November.Reuters reported today that the average daily so far this month has stood at 1.2 million barrels. That’s down from 1.77 million barrels in November, ahead of the sanctions, but nowhere near the sharp drop that many analysts forecast. Reuters used LSEG data for its report, as well as unnamed sources. One of these told the publication the rate of imports could rise to 1.5 million barrels daily by the end of the year.
What’s more, flows could remain strong in January as well, as non-sanctioned oil companies step in to put their name on the shipments instead of Rosneft and Lukoil. The targets of the latest U.S. sanctions handled around half of Russia’s total oil exports, or some 2 million barrels daily, until November 21, when the sanctions came into effect. Since then, importers and exporters alike have been looking for—and finding—ways around the sanctions. As many expected, while exports by Rosneft and Lukoil are down, exports of crude by non-sanctioned companies have spiked since November 21.
Meanwhile, Bloomberg, earlier this week, said Indian crude oil imports from Russia could drop to 800,000 barrels daily this month because of the sanctions. The report cited tighter checks by the Indian authorities on sanction compliance, including strict inspections of tankers carrying foreign crude and insured in places other than the West, the so-called “shadow fleet”. Bloomberg also reported that all but one Indian refiner—Nayara Energy—had reduced their intake of Russian crude. The Reuters report, however, suggests these checks are not at odds with continued robust oil flows from Russia.
By Irina Slav for Oilprice.com
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CRUDEOIL1! 5100 pe side dekh sakte hain abhi 198chal raha hai or crude 5076CRUDEOIL1! Trump orders blockade of sanctioned oil tankers leaving, entering VenezuelaShares mixed, oil prices rise
Investors look past noisy U.S. jobs data
Rate decisions from BoE, ECB and BOJ awaited
By Rae Wee
Asia shares were hesitant on Wednesday after a mixed U.S. jobs reading failed to move the needle on the rate outlook there, leaving investors awaiting further cues to guide their next move.
Oil prices jumped after U.S. President Donald Trump ordered "a total and complete" blockade of all sanctioned oil tankers entering and leaving Venezuela.
U.S. crude futures
CL1!
advanced 1.5% to $56.12 per barrel, while Brent crude futures
BRN1!
was up 0.8% to $59.37 a barrel, reversing their steep losses from overnight. Oil prices had slid as the prospect of a Russia-Ukraine peace deal appeared to strengthen, raising expectations sanctions could be eased.
In the broader market, stocks were off to a cautious start as investors digested Tuesday's long-awaited U.S. nonfarm payrolls report.
While jobs growth rebounded more than expected in November following its biggest drop in nearly five years in October, the unemployment rate rose to an over four-year high of 4.6% last month.
But there was a lot of noise in the data, which was impacted by the government's record 43-day shutdown.
"Associated data collection issues will leave many sceptical about reading too deeply into these latest jobs figures," said Nick Rees, head of macro research at Monex Europe.
"Nevertheless, we still think the overall takeaway remains a sense that the U.S. labour market is softening at a faster rate than policymakers had anticipated, even if there is room to question just how worrying this weakness really is."
MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was up 0.16%, while Japan's Nikkei
NI225
eased marginally.
Nasdaq futures
NQ1!
lost 0.26% and S&P 500 futures
ES1!
eased 0.14%, after a mixed cash session on Wall Street.
Futures suggest markets are still pricing in roughly two U.S. rate cuts next year, with the latest labour market reading doing little to shift those expectations. (0#USDIRPR)
The next key data point for investors will be Thursday's release of the November inflation report.
"For now, our base case remains two 25 bps rate cuts in the first half of next year at the March and June FOMC meetings, with the risks skewed toward more rather than fewer cuts in 2026," said economists at Wells Fargo in a note.
U.S. Treasury yields were little changed after falling overnight, with the benchmark 10-year yield
US10Y
last at 4.1509%, while the two-year yield (US2YT=RR) stood at 3.4933%.
CENBANK DECISIONS ON TAP
Outside of the United States, investors were also eagerly awaiting policy decisions from the Bank of England (BoE), the European Central Bank (ECB) and the Bank of Japan (BOJ) later in the week.
The BoE is expected to cut rates, while investors are wagering the ECB will stand pat and the BOJ will hike.
That kept moves in currencies largely subdued, though the dollar
DXY
remained on the back foot.
The euro
EURUSD
was up 0.04% at $1.1751, while the yen
USDJPY
strengthened 0.1% to 154.60 per dollar.
Sterling
GBPUSD
was little changed at $1.3422 ahead of British inflation data due later in the day, where a major surprise could make the BoE's knife-edge vote even more uncertain.
Data on Tuesday showed Britain's unemployment rate hit its highest since the start of 2021 and private sector pay growth was the weakest in nearly five years in the three months to October.
"What should be more worrisome for the majority of panelists on the BoE's (Monetary Policy Committee) is that the UK unemployment rate, at 5.1%, is the highest since the beginning of 2021, likely signifying to the majority that there is enough slack in the labour market to point to further easing of inflation in coming months," said Thierry Wizman, global FX and rates strategist at Macquarie Group.
Elsewhere, spot go
CRUDEOIL1! gap up openingCRUDEOIL1! crude oil down and made a low 5015 more down side to come
CRUDEOIL1! Crude Oil decreased to 56.00 USD/Bbl, the lowest since February 2021.Over the past 4 weeks, Crude Oil WTI lost 6.3%, and in the last 12 months, it decreased 19.47%.
CRUDEOIL1! if crude break 5050 downside open 5000 4950 4900 if price sustain 5100 get a bounce back possible5150 5170 5200 5230
CRUDEOIL1! 149 my friends only risky traders trade jinhone avg kiya ya hold kiya unhone badhiya kamaya