LONG_Brent Crude 82.5-83 Levels & MCX 5300 level
bad Sign, as brent took support right there where it was supposed to but i didnt want it to !!! this can again set the crude to go and we all know its consequences. lets see how it spans out next week.
FX_IDC:USDBRO formed an inverse H&S Pattern, which is a bullish pattern, and the expected target is $94.3/bbl. Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
waiting to see how it behaves around 88-92 !! thats when i think (hope) it might cool off !!! wait and watch
all i can do for rise of petrol price in india .lol
BRENT CRUDE LIKELY TO HIT USD 29 LEVELS
CONSIDERING ENTIRE SWING NEXT RESISTANCE COMES AT 94.77
# IT WILL SURPRISE SOON# DON'T LONG..........CRUDE (MCX)
Multiple SUPPORT $78.59 - $78.49. In Last Candle Bounced from $ 78.59 In 2nd Last Candle Bounced from $ 78.49 Closed Below Drag to $77.51, $ 76.92-
Another analysis shows Inverted HnS on Weekly charts of Brent. Target is the length from Head to neckline ,which suggests target $91.50 My previous analysis suggests rounding pattern on daily charts whose target is also near this zone.. So charts say that we ll see crude at 90/91.5 in upcoming days,..
Whatever it is,it's bad for oil importing countries.. $80.5 is the level to watch out for..
Oil traders eyed fresh insights from OPEC and IEA reports Supply crunch back on the table The downside prevails as long as 79.50$-80.50$ is resistance zone The monthly OPEC report will be released on Wed, 12 Sep and IEA report will be published on Thu, 13Sep respectively. We believe this week’s Brent crude oil price action is likely to remain controlled by...
The down trend has started and we may see a sub 70 level by end of this month
Brent oil price fell 1.0% last week for a third week in a row, as the Turkish Lira crisis ignited the economic growth concerns. On Monday the oil price volatility stabilized, and the price inched up by 0.6%. From June high’s the price declines for six weeks out of seven. Recent weakness attributed to the ongoing trade concerns and a dip in global economic growth,...