Commodities Weekly Research Report
Dated: 10-09-2018 To 14-09-2018
Crude Today Target
Crude Hurdle $66.40 MCX ₹ 4710 Will it Touch First or Will Take U Turn Form ₹ 4870 Or Will Fly???? Yes Above 5000 Mark Will Rock
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)
Commodities Weekly Research Report, Forecast and Prediction 13-08-18 To 17-08-18
Real Time MCX Weekly Research Report 3-08-18 To 17-08-18 By Neal Bhai Get our expert opinion on short term outlook on commodities based on technical analysis. Weekly commodity insights and forecast.
Crude Oil MCX Above ₹ 4733 Under Fresh Buying Zone, Big Target – Neal Bhai Reports
Crude Oil MCX Above ₹ 4733 Under Fresh Buying Zone, Big Target
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.
US Crude Oil Futures Settle at $70.13 | Gold Silver Reports
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).