MONDAY
MARKET UPDATE
Escalating trade tensions between U S And China and worries
over increasing U S production levels and also the on going
efforts by producers to reduce the supply glut
should be the main factors to watch out for .
Crude Oil settled at their lowest level in 2 weeks on Friday .
Sentiment was hit after Baker Hughes said in its report
that number of oil drilling rigs rose by 10 to 808 last week ,
Crude oil inventory data for this week could help oil
prices to find direction .
Market players will also be focusing on monthly report
from the OPEC and International Energy agencies on Thursday
and Friday to assess supply and demand levels .
In the Mcx Crude oil prices currently trading at Rs 4043
LEVELS ARE AS UNDER
SUPPORT 1 4015
SUPPORT 2 3992
SUPPORT 3 3968
RESISTANCE 1 4050
RESISTANCE 2 4073
RESISTANCE 3 4098
MARKET UPDATE
Escalating trade tensions between U S And China and worries
over increasing U S production levels and also the on going
efforts by producers to reduce the supply glut
should be the main factors to watch out for .
Crude Oil settled at their lowest level in 2 weeks on Friday .
Sentiment was hit after Baker Hughes said in its report
that number of oil drilling rigs rose by 10 to 808 last week ,
Crude oil inventory data for this week could help oil
prices to find direction .
Market players will also be focusing on monthly report
from the OPEC and International Energy agencies on Thursday
and Friday to assess supply and demand levels .
In the Mcx Crude oil prices currently trading at Rs 4043
LEVELS ARE AS UNDER
SUPPORT 1 4015
SUPPORT 2 3992
SUPPORT 3 3968
RESISTANCE 1 4050
RESISTANCE 2 4073
RESISTANCE 3 4098
We will keep updating .
We would like to share with our viewers that we have
introduced several packages to suit each one of you ,
We have also created a FACE BOOK GROUP to clear all
your technical queries
CLICK ON THE LINK BELOW TO JOIN THE GROUP
CLICK HERE
We are also available on Whats app
You can ask in your technical queries there also ,
You can CHAT with us on Whats app at
We would like to share with our viewers that we have
introduced several packages to suit each one of you ,
We have also created a FACE BOOK GROUP to clear all
your technical queries
CLICK ON THE LINK BELOW TO JOIN THE GROUP
CLICK HERE
We are also available on Whats app
You can ask in your technical queries there also ,
You can CHAT with us on Whats app at
9840948540
