2025-03-17 13:41:16
Latest Post
Datamatics wins Two Prestigious Awards at MRSI Golden Key Awards 2024
Lancer Container Lines Ltd receives Certificate of Registration of Container Code
Indamer Technics TRUSTS Ramco Systems
Shriram Finance raises over USD 306 Million from Development Financial Institutions
Swiggy Instamart takes Quick Commerce to 100 Cities across India
Commodities
Crude Oil - April 15, 2021 - Reliance Securities
Posted On : 2021-04-15 13:36:48( TIMEZONE : IST )
Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities
International oil prices are trading marginally lower early Thursday afternoon trade in Asia as investors digested the latest oil demand forecasts and inventory data.
Downside remained capped as the U.S. Dollar Index remained weak this Thursday afternoon trade in Asia.
Markets could look to cues from data due tonight.
Technically, WTI Crude Oil immediate resistance is at $63.40 and a break above could push prices up to $63.75. Immediate support now is at $62.75.
Domestic crude prices are trading marginally lower early Thursday afternoon trade, tracking overseas prices.
Technically, MCX Crude Oil April is trading above 4700 levels which could further push prices up to 4775 levels. Immediate support now is at 4676 and a break below could pull prices to 4580 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.
