Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
Commodities

| More

Crude Oil - Dec 1, 2020 - Reliance Securities

Posted On: 2020-12-01 06:04:11 (Time Zone: Arizona, USA)


Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

International and domestic oil prices rebounded from the lows of the session in Tuesday's afternoon trade as investors awaited the conclusion from OPEC+ meeting this week.

The OPEC and its allies postponed output policy talks until Thursday.

Markets were weak in the initial hours of Tuesday's session amid renewed fears of restrictions as covid-19 cases continue to surge after the Thanksgiving holiday in the U.S. and Europe.

Markets will now await ISM Manufacturing PMI and Fed Chair Jerome Powell's testimony due later in the intraday session.

Additionally, after market hours American petroleum institute will release the weekly inventory data as well, which could move the market over the next couple of sessions.

Technically, WTI Crude Oil is trading on a positive note where it has bounced back $44.50 level. However it holds a strong resistance near $46.20-$46.68 levels. Support is at $45.50-$44.70 levels.

MCX Crude December has bounced back from 3307 levels and is trading with more than 1% gains at 3360 levels. However near 3400 levels could see a hurdle for further upside movement. Resistance is at 3398-3415 levels and Support is at 3315-3299 levels.

Disclaimer: The recommendations, if any, made herein are expression of views and/or opinions and should not be deemed or construed to be neither advice for the purpose of purchase or sale of any security, derivatives or any other security through RSL nor any solicitation or offering of any investment /trading opportunity on behalf of the issuer(s) of the respective security(ies) referred to herein. These information / opinions / views are not meant to serve as a professional investment guide for the readers. No action is solicited based upon the information provided herein. Recipients should rely on information/data arising out of their own investigations. Readers are advised to seek independent professional advice and arrive at an informed trading/investment decision before executing any trades or making any investments. While due care has been taken to ensure that the disclosures and opinions given are fair and reasonable, none of the directors, employees, affiliates or representatives of RSL shall be liable for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including lost profits arising in any way whatsoever from the information / opinions / views contained herein.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Copper - Jan 15, 2021 - Reliance Securities

Crude Oil - Jan 15, 2021 - Reliance Securities

Crude Oil - Jan 15, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Gold - Jan 15, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Silver - Jan 15, 2021 - Reliance Securities

Gold - Jan 15, 2021 - Reliance Securities

Copper - Jan 5, 2021 - Reliance Securities

Crude Oil - Jan 14, 2021 - Reliance Securities

Silver - Jan 14, 2021 - Reliance Securities

Gold - Jan 14, 2021 - Reliance Securities

Crude Oil - Jan 14, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Gold - Jan 14, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Crude Oil - Jan 13, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Gold - Jan 13, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Crude Oil - Jan 13, 2021 - Reliance Securities

Silver - Jan 13, 2021 - Reliance Securities

Gold - Jan 13, 2021 - Reliance Securities~

Base Metals - Jan 11, 2021 - Mr. Tapan Patel- Senior Analyst (Commodities), HDFC Securities

Crude Oil - Jan 11, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Gold - Jan 11, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Crude Oil - Jan 11, 2021 - Reliance Securities

Silver - Jan 11, 2021 - Reliance Securities

Gold - Jan 11, 2021 - Reliance Securities

Views on Copper - Jan 11, 2021 - Reliance Securities

Crude Oil - Jan 8, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Gold - Jan 8, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Crude Oil - Jan 8, 2021 - Reliance Securities

Silver - Jan 8, 2021 - Reliance Securities

Gold - Jan 8, 2021 - Reliance Securities

Crude Oil - Jan 7, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Gold - Jan 7, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Crude Oil - Jan 7, 2021 - Reliance Securities

Silver - Jan 7, 2021 - Reliance Securities

Gold - Jan 7, 2021 - Reliance Securities

Crude Oil - Jan 6, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Gold - Jan 6, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Silver - Jan 6, 2021 - Reliance Securities

Crude Oil - Jan 6, 2021 - Reliance Securities

Gold - Jan 6, 2021 - Reliance Securities

Crude Oil - Jan 5, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Gold - Jan 5, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Crude Oil - Jan 5, 2021 - Reliance Securities

Silver - Jan 5, 2021 - Reliance Securities

Gold - Jan 5, 2021 - Reliance Securities

Base Metals - Jan 4, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Crude Oil - Jan 4, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Gold - Jan 4, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Crude Oil - Jan 4, 2021 - Reliance Securities

Silver - Jan 4, 2021 - Reliance Securities

Gold - Jan 4, 2021 - Reliance Securities



Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020