Tuesday, 27 December 2016

Crude oil buoys ahead of Opec, non-Opec cuts : 27 Dec 2016



Crude oil futures rose during afternoon trade in the domestic market on Tuesday as investors and speculators extended their positions in the energy commodity amid optimism as Organization of Petroleum Exporting Countries (Opec) and non-Opec members are set to start trimming output from new year to support oil prices.
Prices of crude has been supported in the past several weeks as the Opec and non-Opec members have agreed to cut output by almost 1.8 million bpd from January 1, 2017.
At the MCX, crude oil futures for January 2017 contract is trading at Rs 3,620 per barrel, up by 0.50 per cent, after opening at Rs 3,614, against a previous close of Rs 3,602. It touched the intra-day high of Rs 3,635

About

Parag Patil is a technical analyst and trading system designer with stock excel programmer. I hope the articles and live chart of nse future and mcx on this Website will be as helpful and profitable to you . I try to update and post new articles tips everyday. My motto is to encourage the traders, so that they should able to understand the technique views behind the moment of stocks. I have deeply analyzed with many technical indicator with parameter and added to my amibroker afl. And even taken backtest report which is never being implemented. Any of the analyst expect me. Seeing all this you may understand that my views is more technical than commercial. If you are profited by my views I fill happy.

0 comments:

Dear Friends,
Sorry to say that you are suffered for the chart initially available, now they are restored and you can very well see the chart on money99.org similar to money99.in.
And all of you are intimated that we are going to develop more and more in money99.org to facilitate your dreamy demands.

Latest updates tips : Follow

© Copyright 2015 Money99. Designed by Parag Patil