Here's a technical outlook on stocks linked to crude oil prices, which is down 23% from its peak and trades near 3-year lows. Among stocks, Asian Paints and MRF look favourable on charts; here's why.
Share market today: Market participants today will analyse the ongoing US presidential debate. They will also focus on US inflation report, oil prices, and IPOs back home
Oil prices showed marginal recovery on Monday to settle a per cent up at $68.71, following its worst weekly fall since October 2023 as WTI fell 8 per cent and Brent was down 10 per cent.
A broader sell-off had seen prices for Brent crude futures tumble as much as 11 per cent, or about $9, in a little over a week, hitting a low of $72.63 on Wednesday
Crude oil trading strategy today, Aug 29: Weakness in the crude crack spread is bearish for oil prices
Stock Market Today, Wednesday, Aug 28: Japanese Leading Composite Index, and Brent crude oil prices, various mainline and SME IPOs, Nifty levels and other key triggers to watch today
Brent crude, WTI oil trading strategy today, Aug 27: We expect oil prices to face immediate resistance of $80 and the rally would find it difficult to sustain above it
Share Market Today, Tuesday, Aug 27: Japanese producer prices, and trade figures from Hong Kong and Thailand, Brent crude oil prices, IPOs, Nifty levels and other key triggers to watch today
The geo-political risk and expectation of three rate cuts from US fed has triggered rally in oil prices, says Mohammed Imran.
Oil prices could fall back to early June level of $72.50 as demand side fundamental are looking weak due to abysmal economic performance of China, says technical analyst Mohammed Imran.
US June CPI will be out tonight, and consensus is looking for a 0.2 percent monthly rise and 3.4 per cent annual gains in the crucial monthly core CPI reading.
Recent economic data from across the region like Asia, Eurozone and the US are indicating an economic slow down ahead.
Crude oil prices at $83.50, hover near two months high driven by the renewed geo-political risk in the middle east and red sea region along with the threat of Hurricane Beryl
WTI/MCX crude oil outlook today: The overall weekly inventory report is disappointing as it is indicating slowdown in the US consumer/industrial demand
Oil prices are likely to remain supported around current levels because of a growing geopolitical risk premium driven by conflict in the Middle East, said ActivTrades analyst Ricardo Evangelista
The Organization of Petroleum Exporting Countries (OPEC) stuck to a forecast for relatively strong growth in global oil demand for 2024 and Goldman Sachs projected solid US fuel demand this summer
The WTI holding on to support of $78 in Asian hours, retreating from three weeks high of $79.12. hit on Wednesday
Oil prices are moving higher after posting three straight weekly declines following Opec+ decision on June 2
OPEC is expected to extend its production cuts in an upcoming meeting, which has recently helped both WTI and Brent to break above their 100-day moving averages
Commodity trading: Copper prices have dropped 7 per cent since Monday's record high, with a significant intraday drop due to profit-taking