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

| More

Crude Oil - June 22, 2021 - Reliance Securities

Posted On: 2021-06-22 16:54:25 (Time Zone: UTC)


Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

International oil prices are trading marginally in the red on Tuesday early afternoon trade in Asia weighed down by a recovery in the U.S. Dollar.

In addition, the ongoing COVID-19 outbreaks in several countries could weigh on sentiments as fuel demand recovery could remain uneven.

Also dampening investor sentiment is China's crackdown on its private refiners. Reuters reported that the second batch of 2021 crude import quotas allocated to them was about 35% less than 2020, which could impact flows in the sector.

Meanwhile, investors will await OPEC+ meeting in the following week.

Investors also await U.S. crude oil supply from the American Petroleum Institute, due later in the day.

Technically, WTI Crude Oil will continue its bullish momentum above $73.00 levels where $73.19-$73.40 will hold a resistance. Support is at $72.60-$71.80 levels.

Domestic oil gave up morning gains and is trading marginally in the red on Tuesday early afternoon trade, tracking overseas prices.

Technically, MCX Crude Oil July will hold a support near 5415-5380 levels. Resistance is at 5480-5520 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:

Crude Oil - July 27, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Gold - July 27, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Crude Oil - July 27, 2021 - Reliance Securities

Gold and Silver - July 27, 2021 - Reliance Securities

Crude Oil - July 23, 2021 - Reliance Securities

Gold and Silver - July 23, 2021 - Reliance Securities

Copper - July 23, 2021 - Reliance Securities

Crude Oil - July 23, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Gold - July 23, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Silver - July 22, 2021 - Reliance Securities

Crude Oil - July 22, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Gold - July 22, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Crude Oil - July 22, 2021 - Reliance Securities

Gold - July 22, 2021 - Reliance Securities

Base Metals - July 19, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Crude Oil - July 19, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Gold - July 19, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Silver - July 19, 2021 - Reliance Securities

Crude Oil - July 19, 2021 - Reliance Securities

Gold - July 19, 2021 - Reliance Securities

Copper - July 17, 2021 - Reliance Securities

Crude Oil - July 17, 2021 - Reliance Securities

Gold and Silver - July 17, 2021 - Reliance Securities

Crude Oil - July 16, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Gold - July 16, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

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

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

Silver - July 15, 2021 - Reliance Securities

Crude Oil - July 15, 2021 - Reliance Securities

Gold - July 15, 2021 - Reliance Securities

Copper - July 14, 2021 - Reliance Securities

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

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

Crude Oil - July 14, 2021 - Reliance Securities

Gold and Silver - July 14, 2021 - Reliance Securities

Silver - July 13, 2021 - Reliance Securities

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

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

Crude Oil - July 13, 2021 - Reliance Securities

Gold - July 13, 2021 - Reliance Securities

Crude Oil - July 12, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Gold - July 12, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Base Metals - July 12, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Crude Oil - July 12, 2021 - Reliance Securities

Crude Oil - Weekly Outlook - July 10, 2021 - Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

Copper - July 10, 2021 - Weekly Outlook - Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

Crude Oil - July 9, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Gold - July 9, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Crude Oil - July 9, 2021 - Reliance Securities

Gold and Silver - July 9, 2021 - Reliance Securities


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

disclaimer copyright © 2005 - 2020