May 27, 2021 08:59 PM IST
The momentum indicator RSI is trading at 44 on the hourly chart and it is forming lower lows which is a bearish sign, said Axis Securities
- May 24, 2021 05:16 PM IST
Crude oil prices are expected to trade higher for the day with resistance at $67 and support at $63 per barrel.
- May 23, 2021 04:10 PM IST
Prices could witness some additional correction next week on demand outlook in Asia and a possible increase in output from Iran.
- May 21, 2021 07:14 PM IST
However, weighing on price is rising virus cases in Asia, mixed economic data, easing Israel-Palestine tensions and the prospect of higher Iranian supply.
- May 20, 2021 04:59 PM IST
Crude oil prices may witness selling on mounting worries over higher inflation and rising virus cases in other Asian countries apart from India.
- May 17, 2021 07:59 PM IST
Crude oil prices are expected to trade sideways to higher for the day with resistance at $68 and support at $64 per barrel.
- May 15, 2021 04:07 PM IST
As economies open in the US and Europe, pend up demand from these nations will lend support as the driving season in the United States gather momentum.
- May 14, 2021 10:03 PM IST
The momentum indicator Relative Strength Index (RSI) is at 53.58 indicating sideways movement in prices.
- May 09, 2021 03:44 PM IST
The market continued to show signs of strength and confidence that global demand can continue to go higher despite a rise in COVID-19 cases in India.
- Apr 12, 2021 04:51 PM IST
The black gold has been trading higher than 5, 20, 50, 100 and 200 days' moving averages on the daily chart. The momentum indicator Relative Strength Index (RSI) is at 53.03, indicating positive momentum in prices.
- Apr 09, 2021 05:21 PM IST
Crude may witness mixed trade amid lack of clear cues. However, rising virus cases and the prospect of higher supply may keep pressure on prices.
- Mar 01, 2021 05:17 PM IST
The black gold has been trading higher than 5, 20, 50, 100 and 200 days' moving averages on the daily chart. The Relative Strength Index (RSI) is at 76.64 which indicates positive momentum in prices.