Crude oil settled flat as signs of tightening U.S. output were offset by a stronger dollar and fears rising U.S.-China trade tensions could hamper oil demand. Oilfield services firm Baker Hughes reported that the number of U.S. oil drilling rigs in operation fell by 2 to 860.
Technical Power of CFA’s
(CHARTRED FINANCE ANALYST)
MCX Crude Oil Free Tips : MCX Crude Tips – Oil Ultimate Target 5010—5240 – Just Need Patience – Neal Bhai Reports “No Magic, No Miracle, Just Power of Level” Neal Bhai Reports (NBR) By CFA’s and MFA’s Technical Team Mobile No. 9582247600 & 9899900589
Gold Silver Reports (GSR) — ग्लोबल मार्केट में कच्चा तेल काफी मजबूत हो गया है। ब्रेंट में 76 डॉलर के ऊपर कारोबार हो रहा है। दरअसल रूस और वेनेजुएला का उत्पादन लगातार कम हुआ है। वहीं इंटरनेशनल एनर्जी एजेंसी ने वेनेजुएला के उत्पादन पर आगाह भी किया है, क्योंकि से इस लाख बैरल के भी नीचे आ गया है।
Crude Oil on MCX settled up 1.73% at 4767 amid reports that Saudi Arabia pumped fewer crude barrels in July, while the U.S. saw a drop in active drilling rigs. Oil prices made a bright start to the session as bulls cheered a drop in Saudi output and signs of tightening U.S. output.
Gold Silver Reports (GSR )- Technically, the price today moved away from the 100 and 200 hour MAs (blue and green lines in the chart above), but stalled near a topside trend line. The price came off against that trend line (currently at $70.35 and moving higher).
Gold Silver Reports – Crude Oil MCX Buy on Dips, Buy Between 3710—3680 Resistance Key 3777 — Technically Crude Oil market is under fresh buying as market has witnessed gain in open interest by 3.44% to settled at 14513 while prices up 5 rupees.