On Monday oil prices gained Rs 14 to Rs 4,255 per barrel as speculators created fresh positions amid positive trend in spot market. Analysts said fresh bets created by participants kept crude prices higher in futures trade.
Technical Analysis
Oil Price Chart: Crude Rally Rips into Key Resistance
In my latest Oil Price Weekly Outlook we noted that the recent reversal price shifted the, “near-term focus higher but keeps the broader advance within the confines of the descending price pattern we’ve been tracking for weeks now… The risk remains for a stretch higher in oil prices with more significant resistance eyed at the 2018 open / 61.8% retracement of the April decline at 60.06/45 – look for a bigger reaction there IF reached.” Crude is now within striking distance with price attempting to mount the 50% retracement / 100-day moving average at 58.56/96.
Read MoreOil Price Chart: Crude Rally Rips into Key Resistance
Diwali Muhurat trading timing: All about Muhurat trading 2018 on 7 November
A special Muhurat trading session will be held by the NSE and BSE on account of Diwali Laxmi Pujan on Wednesday. Muhurat trading, conducted on the auspicious occasion of Diwali, would be held between 5:30 pm and 6:30 pm on Wednesday, the stock exchanges said.
Read MoreDiwali Muhurat trading timing: All about Muhurat trading 2018 on 7 November
FOREX:DOLLOR INDEX WATCH 95.75 STYA ABV BG BLAST 97-99++ THINK GOLD CRUDE WHT NXT BLAST OR CRASHHHH ????
YES NO IF AND BUT ITS CRUCIAL LVL FOR INR OR MCX GOLD CRUDE SHOUDL BUY FOR BLASTING TGT YA SELLL ON RISEE HAVE QUERY—09999974733 DONTMISS THIS CHART OR CALL
FOREX : EUROUSD WATCH RISING WEDGE 1.17335 ABV BG BLAST ON CHART THINK GOLD CRUDE ???
SUPPOSE IF NO BREAK 1.17335 WILL TAKE R TURN OR COME DWN GAIN LET SEE3–5 DAYS BG MOVE AHEAD GOLD CRUDE WILL HEAVILY REACT HAVE QUERY—09999974733 FOREX : EUROUSD WATCH RISING WEDGE 1.17335 ABV BG BLAST ON CHART THINK GOLD CRUDE ???
ALUMINIUM ON BLEDDING TOLD BLW 147.60 SELL OR RELAXXX LOW 144.75 CHEK POST
N—9999974733 WHO STUCK WRONG SIDE CALL US OR WHTS UP