Posts Tagged ‘crude’

BANK NIFTY 28-04-2016

Technical Indicators

Name Value Action
RSI(14) 61.107 Buy
STOCH(9,6) 98.171 Overbought
STOCHRSI(14) 20.088 Oversold
MACD(12,26) 129.610 Buy
ADX(14) 41.732 Neutral
Williams %R -2.341 Overbought
CCI(14) 20.8711 Neutral
ATR(14) 95.9787 Less Volatility
Highs/Lows(14) 0.4858 Buy
Ultimate Oscillator 61.146 Buy
ROC 1.030 Buy
Bull/Bear Power(13) -4.7760 Sell

Buy: 5

Sell: 1

Neutral: 5

Summary: BUY

Moving Averages

Period Simple Exponential
MA5 17001.97
Sell
17000.04
Sell
MA10 17026.04
Sell
16971.19
Buy
MA20 16882.40
Buy
16882.40
Buy
MA50 16598.14
Buy
16622.23
Buy
MA100 16218.22
Buy
16346.81
Buy
MA200 15968.71
Buy
15984.31
Buy

Buy: 9

Sell: 3

Summary: BUY

BANK INDEX SPOT CLOSE 16872.9
5 DMA 16779 BULLISH
10 DMA 16444 BULLISH
15 DMA 16204 BULLISH
20 DMA 16139 BULLISH
IMMEDIATE SUPPORT/ RESISTANCE 16638 BULLISH
TREND REVERSAL LEVEL IS SPOT 16572 REVERSAL POINT
LONG TERM TREND REVERSAL SPOT 16526 REVERSAL POINT
TSF HURDLE LEVEL SPOT 16980 SUPPORT/RESISTANCE

 

Mcx Crudeoil Latest News and latest update

Oil under pressure as Iran orders sharp rise in crude output Oil prices had briefly stabilized in the previous session, but only after hitting the lowest since 2003 as western sanctions against Iran were lifted, allowing the country with the world’s fourth-largest oil and gas reserves to return in full to the market. Oil futures remained under pressure in early trading on Tuesday, following a slide that has seen prices fall by more than a quarter since the beginning of the year, as the full return of Iran to oil markets adds to an already huge supply overhang. Oil prices had briefly stabilized in the previous session, but only after hitting the lowest since 2003 as western sanctions against Iran were lifted, allowing the country with the world’s fourth-largest oil and gas reserves to return in full to the
market. Prices came under pressure on Tuesday morning as Iran ordered a sharp increase in oil output to take immediate advantage of the lifting of sanctions. “It is clear that investor sentiment is driving oil prices… Bearish bets are at their highest level since 1983, indicating heightened concerns around Iran oil flooding the market,” ANZ bank said on Tuesday. Sanctions had cut Iran’s oil exports by about 2 million bpd since their pre-sanctions 2011 peak, to little more than 1 million bpd. With the prospect of a lifting of sanctions becoming increasingly clear since the beginning of the year, a price rout that started in mid-2014 accelerated, pulling crude down over 70 percent in 18 months. US crude futures CLc1 were trading at USD 29.00 a barrel by 0105 GMT, down 42 cents from their last settlement. Front-month Brent crude futures LCOc1, though up a notch just after opening Tuesday’s trade, remained below USD 29 per barrel at USD 28.69 per barrel. “The run up to this weekend’s announcement has likely contributed to the recent decline in oil prices,” Goldman Sachs said. “We have been assuming that production will rise by 285,000 barrels per day year-on-year in 2016,” it added. Most traders expect

INDEX SPOT AND BANK INDEX Technical Analysis 31-03-2016

Technical Indicators

INDEX SPOT CLOSE 7735.2
5 DMA 7676 BULLISH
10 DMA 7616 BULLISH
15 DMA 7581 BULLISH
20 DMA 7512 BULLISH
IMMEDIATE SUPPORT/ RESISTANCE 7670 BULLISH
TREND REVERSAL LEVEL IS SPOT 7582 REVERSAL POINT
LONG TERM TREND REVERSAL SPOT 7582 REVERSAL POINT
TSF HURDLE LEVEL SPOT 7716 SUPPORT/RESISTANCE
BANK INDEX SPOT CLOSE 16134.8
5 DMA 15846 BULLISH
10 DMA 15704 BULLISH
15 DMA 15540 BULLISH
20 DMA 15353 BULLISH
IMMEDIATE SUPPORT/ RESISTANCE 15830 BULLISH
TREND REVERSAL LEVEL IS SPOT 15522 REVERSAL POINT
LONG TERM TREND REVERSAL SPOT 15522 REVERSAL POINT
TSF HURDLE LEVEL SPOT 16043 SUPPORT/RESISTANCE

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JPMorgan Warns “Reduce Equity Exposure… Don’t Chase Crude”

“First quarter earnings will be difficult,” warns JPMorgan’s global head of equity strategy, suggesting investors consider reducing market exposure and/or “consider buying protection.” While Rees is not quite as directly ‘sell-it-all ‘ – adding that he hopes H2 earnings will pick up – his overall message, beneath the JPM vineer, is not bullishly biased. “We are not chasing the oil rally,” Rees adds, noting the technical short-covering nature of this most recent move, adding that “the worst is not behind us.”

INDEX SPOT AND BANK INDEX Technical Analysis 03-03-2016

Technical Indicators

INDEX SPOT CLOSE 7368.85
5 DMA 7116 BULLISH
10 DMA 7134 BULLISH
15 DMA 7108 BULLISH
20 DMA 7171 BULLISH
IMMEDIATE SUPPORT/ RESISTANCE 7235 BULLISH
TREND REVERSAL LEVEL IS SPOT 7035 REVERSAL POINT
LONG TERM TREND REVERSAL SPOT 6825 REVERSAL POINT
TSF HURDLE LEVEL SPOT 7176 SUPPORT/RESISTANCE
BANK INDEX SPOT CLOSE 15092.5
5 DMA 14160 BULLISH
10 DMA 14163 BULLISH
15 DMA 14157 BULLISH
20 DMA 14345 BULLISH
IMMEDIATE SUPPORT/ RESISTANCE 14446 BULLISH
TREND REVERSAL LEVEL IS SPOT 14065 REVERSAL POINT
LONG TERM TREND REVERSAL SPOT 13407 REVERSAL POINT
TSF HURDLE LEVEL SPOT 14245 SUPPORT/RESISTANCE

 

INDEX SPOT AND BANK INDEX Technical Analysis 22-02-2016

Technical Indicators

INDEX SPOT CLOSE 7210.75
5 DMA 7144 BULLISH
10 DMA 7158 BULLISH
15 DMA 7256 BEARISH
20 DMA 7306 BEARISH
IMMEDIATE SUPPORT/ RESISTANCE 7227 BEARISH
TREND REVERSAL LEVEL IS SPOT 7227 REVERSAL POINT
LONG TERM TREND REVERSAL SPOT 7305 REVERSAL POINT
TSF HURDLE LEVEL SPOT 7005 SUPPORT/RESISTANCE
BANK INDEX SPOT CLOSE 14344.2
5 DMA 14275 BULLISH
10 DMA 14388 BEARISH
15 DMA 14609 BEARISH
20 DMA 14831 BEARISH
IMMEDIATE SUPPORT/ RESISTANCE 14396 BEARISH
TREND REVERSAL LEVEL IS SPOT 14603 REVERSAL POINT
LONG TERM TREND REVERSAL SPOT 14603 REVERSAL POINT
TSF HURDLE LEVEL SPOT 13953 SUPPORT/RESISTANCE

 

INDEX SPOT AND BANK INDEX Technical Analysis 11-01-2016

Technical Indicators

New Page 1

INDEX SPOT CLOSE 7601.35
5 DMA 7697 BEARISH
10 DMA 7815 BEARISH
15 DMA 7817 BEARISH
20 DMA 7791 BEARISH
IMMEDIATE SUPPORT/ RESISTANCE 7637 BEARISH
TREND REVERSAL LEVEL IS SPOT 7695 REVERSAL POINT
LONG TERM TREND REVERSAL SPOT 7771 REVERSAL POINT
TSF HURDLE LEVEL SPOT 7720 SUPPORT/RESISTANCE
BANK INDEX SPOT CLOSE 16142.7
5 DMA 16358 BEARISH
10 DMA 16664 BEARISH
15 DMA 16700 BEARISH
20 DMA 16646 BEARISH
IMMEDIATE SUPPORT/ RESISTANCE 16217 BEARISH
TREND REVERSAL LEVEL IS SPOT 16256 REVERSAL POINT
LONG TERM TREND REVERSAL SPOT 16536 REVERSAL POINT
TSF HURDLE LEVEL SPOT 16380 SUPPORT/RESISTANCE

 

INDEX SPOT AND BANK INDEX Technical Analysis 08-12-2015

Technical Indicators

New Page 1

INDEX SPOT CLOSE 7765.4
5 DMA 7859 BEARISH
10 DMA 7874 BEARISH
15 DMA 7854 BEARISH
20 DMA 7852 BEARISH
IMMEDIATE SUPPORT/ RESISTANCE 7825 BEARISH
TREND REVERSAL LEVEL IS SPOT 7882 REVERSAL POINT
LONG TERM TREND REVERSAL SPOT 7979 REVERSAL POINT
TSF HURDLE LEVEL SPOT 7882 SUPPORT/RESISTANCE
BANK INDEX SPOT CLOSE 16747
5 DMA 17114 BEARISH
10 DMA 17146 BEARISH
15 DMA 17115 BEARISH
20 DMA 17077 BEARISH
IMMEDIATE SUPPORT/ RESISTANCE 17032 BEARISH
TREND REVERSAL LEVEL IS SPOT 17196 REVERSAL POINT
LONG TERM TREND REVERSAL SPOT 17498 REVERSAL POINT
TSF HURDLE LEVEL SPOT 17146 SUPPORT/RESISTANCE

 

INDEX SPOT AND BANK INDEX Technical Analysis 07-12-2015

Technical Indicators

New Page 1

INDEX SPOT CLOSE 7781.9
5 DMA 7893 BEARISH
10 DMA 7883 BEARISH
15 DMA 7854 BEARISH
20 DMA 7862 BEARISH
IMMEDIATE SUPPORT/ RESISTANCE 7860 BEARISH
TREND REVERSAL LEVEL IS SPOT 7899 REVERSAL POINT
LONG TERM TREND REVERSAL SPOT 7912 REVERSAL POINT
TSF HURDLE LEVEL SPOT 7921 SUPPORT/RESISTANCE
BANK INDEX SPOT CLOSE 16897.3
5 DMA 17211 BEARISH
10 DMA 17156 BEARISH
15 DMA 17114 BEARISH
20 DMA 17079 BEARISH
IMMEDIATE SUPPORT/ RESISTANCE 17086 BEARISH
TREND REVERSAL LEVEL IS SPOT 17127 REVERSAL POINT
LONG TERM TREND REVERSAL SPOT 17209 REVERSAL POINT
TSF HURDLE LEVEL SPOT 17220 SUPPORT/RESISTANCE

 

INDEX SPOT AND BANK INDEX Technical Analysis 23-11-2015

 

New Page 1

Technical Indicators

INDEX SPOT CLOSE 7856.55
5 DMA 7815 BULLISH
10 DMA 7832 BULLISH
15 DMA 7899 BEARISH
20 DMA 7978 BEARISH
IMMEDIATE SUPPORT/ RESISTANCE 7809 BULLISH
TREND REVERSAL LEVEL IS SPOT 7887 REVERSAL POINT
LONG TERM TREND REVERSAL SPOT 7991 REVERSAL POINT
TSF HURDLE LEVEL SPOT 7725 SUPPORT/RESISTANCE
BANK INDEX SPOT CLOSE 17055.6
5 DMA 17053 BULLISH
10 DMA 17008 BULLISH
15 DMA 17088 BEARISH
20 DMA 17223 BEARISH
IMMEDIATE SUPPORT/ RESISTANCE 17022 BULLISH
TREND REVERSAL LEVEL IS SPOT 17069 REVERSAL POINT
LONG TERM TREND REVERSAL SPOT 17246 REVERSAL POINT
TSF HURDLE LEVEL SPOT 16905 SUPPORT/RESISTANCE