2025-03-15 20:48:42
Latest Post
Bio Green Papers Limited approves 67:83 rights issue at Rs. 52 per share- Vantage Knowledge Academy Limited enters into MOU with NEEV Credit Ltd
Alkem Medtech to acquire 100% stake of Bombay Ortho
Dalmia Bharat Ltd's subsidiary commences commercial production of 2.4 MTPA grinding capacity
Ritesh International Ltd deposits advance tax of Rs. 25 lakhs
Commodities
Crude Oil - June 14, 2021 - Reliance Securities
Posted On : 2021-06-14 22:39:01( TIMEZONE : IST )
Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities
International oil prices are trading higher on Monday early afternoon trade in Asia supported by improved outlook for global oil demand.
Chinese investors remained away from the markets today due to local holiday.
Investors will await triggers in the form of inventories and FOMC meeting this week.
Technically, WTI Crude Oil will continue its bullish momentum up to $71.60-$72.30 levels where support is at $70.30-$69.90 levels.
Domestic crude prices are trading higher on Monday early afternoon trade, tracking overseas prices.
On the domestic front, MCX Crude Oil June could trade on positive note where 5190-5150 holds a support and resistance is at 5249-5290 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.
