MCX Crude Report Archives

MCX Crude Target Today – All Target Price Hit 4292 To 4402

Last Updated On March 24, 2021 8:39 PM by Neal Bhai

MCX Crude Target Today: Crude Oil yesterday settled down by 5.45% at 4233 on concerns that new pandemic curbs and slow vaccine rollouts in Europe will slow recovery in fuel demand and as producers cut prices, indicating ample oil supply.

Crude Oil Prices Rise 1% on Wednesday as Industry Data Showed US Crude Stockpiles Fell More Than Expected

Last Updated On June 26, 2019 2:18 PM by Neal Bhai

Crude Oil prices rose more than 1% on Wednesday to their highest in nearly a month as industry data showed US crude stockpiles fell more than expected, underpinning a market already buoyed by worries over a potential US-Iran conflict.

Crude Oil sits 2% lower after China data fuels demand concerns amid US Fed rate cut hopes; Brent slips below $80/bbl

Crude Oil Futures Tumbled Today as Global Growth Worries Weighed on the Market

Last Updated On March 6, 2019 11:20 PM by Neal Bhai

These data pointers pulled the WTI Crude under $56 per barrel and the counter currently trades at $55.92 per barrel, down more than 1% on the day. Markets also preferred to book profits ahead of the US EIA weekly inventories data.

MCX Crude Trading Tips – Above 4001 Target 4220—4410, Buy on Dips – Neal Bhai

Last Updated On March 6, 2019 5:36 AM by Neal Bhai

MCX Crude Trading Tips – Above 4001 Target 4220—4410, Buy on Dips – Neal Bhai

U.S. crude stockpiles fell 8.6 million barrels last week, in contrast to expectations for an increase of 2.8 million barrels, government data showed.

MCX Crude Oil Tips Above 3900 Target 4080—4140—4220

Last Updated On February 27, 2019 1:03 PM by Neal Bhai

MCX Crude Oil Tips Above 3900 Target 4080—4140—4220

MCX Crude Oil settled down 3.75% at 3932 after US President Trump said oil prices are “too high”. The comment that urges OPEC to lower the cost of crude put pressure on the Saudi-led group to soften its price-boosting output cuts.

Crude Oil Outlook 14 Feb 2019

Last Updated On February 14, 2019 11:23 AM by Neal Bhai

Gold Silver Reports (GSR) – We expect oil prices to trade higher today as the OPEC supply cut and cut in Venezuela exports on account of sanctions coupled with progress in the US-China trade relation.

Crude Oil Under Selling Zone Resistance Level @ 3888

Last Updated On January 23, 2019 9:22 PM by Neal Bhai

Gold Silver Reports (GSR) – Crude Oil on MCX settled down -3.28% at 3749 as signs of a spreading global economic slowdown stoked concerns over future fuel demand. China’s state planner warned that the downward pressure on the economy will affect China’s job market as falling factory orders point to a further drop in activity in coming months and more job shedding.