Wednesday, 20 July 2016
Monday, 13 June 2016
Technical Comment for the day
https://drive.google.com/file/d/1vMTuUhbIo_HqGm4QL4vRtgBy4E6M8LZx/view?usp=drive_link
Crude oil are showing of correction known as the dark cloud cover.The prices have formed two consecutive bearish candles after forming a top at Rs. 3439 per barrel.The prices slipped below Rs.3350 per barrel in last outing reaching levels of Rs.3303 per barrel on closing basis. A further drop can take the prices towards Rs.3200 per barrel look challenging now. Breaching those levels crude oil can move towards Rs. 3600 per barrel. on lower side, Rs. 3200 and 3100 is now acting support levels.
Sunday, 12 June 2016
Sunday, 5 June 2016
Why 95% of Traders are Losing Money in India
95% Traders are Losers only :
Reasons are :
*They Don’t have Method
*They Don’t have Mint
*They Watch Blue Channels (Biggest culprit )
*Don’t know how to Read Charts
*Don’t have Trading Psychology art.
*Believe in Fundamentals and Trade ( 2nd Biggest Mistake)
*Believe in Results (Flashing every qtr )……….Biggest Manipulation +Insider Trading happens
*Trusting on Economic Numbers : (3rd Biggest Mistake )
*Looking at Screen and Trading (Thinking everything is OK ,4th Biggest Mistake )
*95% Traders Don’t know :All Trading Data’s are Leaked during trading hrs and immdly after trading hrs.
Technically Yours /ASR TEAM
Thousands/Lakhs of Traders had lost Fortune in India……………..Still wasting time /money/energy and many more things.
Sunday, 29 May 2016
Oil prices rise on start of peak US demand season
"Oil prices stayed within touch of USD50 per barrel despite news that some Canadian oil sands producers were planning on restarting operations," ANZ said on Monday. Oil prices edged up in early trading on Monday as the peak demand US summer driving season officially kicks off just as its crude production falls to its lowest level since September 2014. U.S. West Texas Intermediate (WTI) crude futures were trading at USD49.44 per barrel at 0108 GMT, up 11 cents from their last settlement. International Brent futures were at USD49.36 a barrel, up 4 cents. "Oil prices stayed within touch of USD50 per barrel despite news that some Canadian oil sands producers were planning on restarting operations," ANZ said on Monday. Oil producer Suncor Energy is planning to ramp up output at its oil sands fields in Alberta this week after it was forced to shut down earlier in May due to massive wildfires. Despite the expected rise in Canadian output, ANZ bank said that WTI price support "still lingers" after the large fall in U.S. oil inventories late last week by 4.2 million barrels to 537 million barrels due to strong demand. Traders said that the official start to the US peak demand summer driving season, which kicks off with Memorial Day on Monday, was the main reason for rising seasonal demand. This came just as US crude oil production fell to 8.77 million barrels per day (bpd), the lowest level since September 2014, and down 8.77 percent since their June 2015 peak. In global oil markets, Brent prices have been supported by a series of supply disruptions in Nigeria, where militants have been staging a wave of attacks on oil pipelines, cutting the country's output to more than two decade lows. Attention will also be on a meeting by the Organization of the Petroleum Exporting Countries (OPEC) in Vienna this week, although most analysts do not expect any decisions that would lead to changes in production.
Thursday, 26 May 2016
Oil prices retreat from $50 on oversupply concerns
© Reuters. Oil prices retreat from $50 on oversupply concerns
By Keith Wallis
SINGAPORE, May 27 (Reuters) - Oil futures dipped further in early Asian trade on Friday, finding resistance at the $50 a barrel mark as investors worried higher prices could reactivate shuttered crude output, adding to global oversupply.
Oil pushed through $50 for the first time in around seven months on Thursday as supply disruptions from Canadian wildfires and attacks in Libya and West Africa have helped cut daily output by 4 million barrels. Increased demand and a weaker dollar helped support prices. crude CLc1 fell 7 cents to $49.41 a barrel as of 0033 GMT after settling down 8 cents in the previous session. It touched $50.21 earlier on Thursday, its highest since early October.
Brent LCOc1 fell 9 cents to $49.50. Brent closed down 15 cents, retreating from $50.51, its highest since early November.
"WTI and Brent futures went through $50 a barrel on tightening supply, but unsurprisingly hit stubborn resistance at that key level and then eased back," ANZ said in a note on Friday.
Oil prices, which have risen nearly 90 percent from 12-year lows hit earlier this year, face pricing barriers to moving higher in the next three to five weeks, technical analysts said on Thursday, with Brent facing a significant hurdle at around $52 a barrel. Trump, the presumptive Republican presidential nominee, promised to revive the ailing U.S. oil and coal industries on Thursday, by scrapping key environmental policies including a U.S. withdrawal from the U.N. global climate accord. government needs to address grievances in the oil-producing Niger Delta, Oil Minister Emmanuel Ibe Kachikwu said on Thursday, hours after a Chevron (NYSE:CVX) source CVX.N said a militant attack had forced it to shut its onshore operations in the restive region. were also awaiting the appearence of U.S. Federal Reserve Chair Janet Yellen at an event later on Friday for further indications on when the Fed could raise interest rates.
A raft of Fed officials have called for a normalisation of interest rates as the U.S. economy and inflation rise, with odds of a June hike now sitting around 34 percent, compared with 4 percent last week, ANZ analysts said.
"Markets have moved a lot recently and whilst activity data has improved and interest rate expectations have risen, more news is now needed to help shape the markets' expectations over a possible June/July Fed rate hike," the ANZ note on Friday said.
