MCX Crude Target Today: Crude Oil yesterday settled down by 5.45% at 4233 on concerns that new pandemic curbs and slow vaccine rollouts in Europe will slow recovery in fuel demand and as producers cut prices, indicating ample oil supply.
MCX Crude
Gold Price Target for Next Week $1640—$1686
The overall sentiment is bullish for gold next week with the U.S. dollar, safe-haven demand, and heightened volatility selected as the top three triggers that could push the yellow metal higher in the short term.
Crude Oil Prices Rise 1% on Wednesday as Industry Data Showed US Crude Stockpiles Fell More Than Expected
Crude Oil prices rose more than 1% on Wednesday to their highest in nearly a month as industry data showed US crude stockpiles fell more than expected, underpinning a market already buoyed by worries over a potential US-Iran conflict.
MCX Copper Tips – Strong Resistance at 458 level, Sell On Rise – Neal Bhai Reports
MCX Copper Tips – Strong Resistance at 458 level, Sell On Rise – Neal Bhai Reports
Crude Oil Futures Tumbled Today as Global Growth Worries Weighed on the Market
These data pointers pulled the WTI Crude under $56 per barrel and the counter currently trades at $55.92 per barrel, down more than 1% on the day. Markets also preferred to book profits ahead of the US EIA weekly inventories data.
MCX Crude Trading Tips – Above 4001 Target 4220—4410, Buy on Dips – Neal Bhai
MCX Crude Trading Tips – Above 4001 Target 4220—4410, Buy on Dips – Neal Bhai
U.S. crude stockpiles fell 8.6 million barrels last week, in contrast to expectations for an increase of 2.8 million barrels, government data showed.
MCX Crude Oil Tips Above 3900 Target 4080—4140—4220
MCX Crude Oil Tips Above 3900 Target 4080—4140—4220
MCX Crude Oil settled down 3.75% at 3932 after US President Trump said oil prices are “too high”. The comment that urges OPEC to lower the cost of crude put pressure on the Saudi-led group to soften its price-boosting output cuts.
Crude Oil Outlook 14 Feb 2019
Gold Silver Reports (GSR) – We expect oil prices to trade higher today as the OPEC supply cut and cut in Venezuela exports on account of sanctions coupled with progress in the US-China trade relation.
Crude Oil Under Selling Zone Resistance Level @ 3888
Gold Silver Reports (GSR) – Crude Oil on MCX settled down -3.28% at 3749 as signs of a spreading global economic slowdown stoked concerns over future fuel demand. China’s state planner warned that the downward pressure on the economy will affect China’s job market as falling factory orders point to a further drop in activity in coming months and more job shedding.
MCX Crude Made Hammer Or Bullish Tasuki Pattern, Break Out Level 3888 Above Big Blast on Chart – Neal Bhai Reports
MCX Crude Made Hammer Or Bullish Tasuki Pattern, Break Out Level 3888 Above Big Blast on Chart – Neal Bhai Reports
Keep Eye on Magical Level 3888