nymex Crude Prices have moved violently to the downside after finding solid resistance at SMA 50 as seen on the provided four-hour graph. The consecutive negative closings below SMA 50 in addition to the bearish candlesticks formations should bring further depreciation. Furthermore, we can see
5.39 PM Feb 8th 2013
While taking into account the recovery factor i.e., raising the diesel price by 40/50 ps/lit/month, the recovery factor arising out of fall in crude prices is not taken into account and appears probably that the rise and fall of crude prices will keep the average crude price constant and hence
4.29 PM Feb 7th 2013
Seeing crude price hovering between 113 and 115 per barrel result may not be good it may post loss for this and next quarter. However nearly after two months 40 paise increase in the share value may be temporary and further fall in share price is expected after the results.
5.53 PM Feb 6th 2013
Anticipation that the higher flows to the Gulf from Cushing, Okla.--the delivery point of the Nymex contract--had driven U.S. crude prices higher, on the notion they would gain market share at the expense of costlier imports, priced against the value of internationally traded Brent.
5.24 PM Feb 2nd 2013
Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.