Tag Archives: Crude oil trading tips

Crude Oil Volatile today @ Global Market Live Updates

The international market is getting mixed business in Crude Oil. Brent is up by more than 0.25 percent but Naymax is seeing weakness in crude oil. However, due to low supply in the US and Libya prices are getting little support. Supply in the US has affected the Harvey storm, while supply has stopped in two oil fields in Libya.

Crude oil on MCX has come down to around Rs. 3050 with 0.1% weakness. @Sold MCX Crude September Future near 3050 targets 3030, 3010 Stop Loss 3079.

What will be Impact petroleum Inventory report for Crude Oil

Today the Inventory Report of the US Petroleum Institute is on the way and the pressure in crude oil has increased today. The Sharara oil field has started again in Libya, and there is a possibility of increasing production from there. Let us tell you Libya production is not included in the deduction. Meanwhile, the production of OPEC in July this year has gone to record levels. In such cases, pressure on crude oil prices has remained constant. Crude oil in the global market is down by about 0.5 percent and recovery at NYMEX is running below $ 50.

in the domestic market MCX Crude Oil is trading near at 3170 with gain of 0.5 percent.

@Sell MCX Crude Oil for intraday at current market levels 3170 august targets 3145, 3125 Stop Loss 3205.

Crude Flat Trading today @ Crude tips Calls Free

After reaching an upper level of two months, there is a slight weakness in Crude oil today. However, due to OPEC’s efforts to reduce reserves and reduce supplies in the US, crude is getting support. In the past week, crude reserves in the US dropped 72 million barrels. The market’s eye will now remain on the US Ring Count data, which will clear the picture about further supply. Apart from this, the potential restriction of US on Venezuela will also focus on the market.

@Buy Crude Oil today August future at 3150 targets 3175, 3200 Stop Loss 3121.

Heavy down fall in crude Oil Today @ MCX Trading Tips

Crude oil has come down heavily, and crude prices have dropped below $ 46 on NYMax. Even Brent is trading around 1 percent below. In fact, the production of OPEC in May has increased by 30.36 lakh barrels per day. Whereas the reserves of crude in the US have increased by 28 million barrels, while in China it is estimated to decrease demand. In this way, the global demand for crude is rising significantly below the average of last 10 years.

Crude oil on the MCX in the domestic market is showing a weakness of 0.6 percent and trading around Rs 2,965.

Trading Tips & Range for Today

Today MCX Crude Oil trading range is 2915 to 3031. Sell MCX Crude Oil for intraday near at 2965 targets 2928, 2890 Stop Loss 3016.