Crude Oil
2017 Financial Markets Forecast
Around this time last year as well, the US Fed hiked interest rates. At the time they expected 4 more rate hikes over the year. We had grave doubts over this hawkish commentary materializing, simply because the pattern in interest rate yield charts didn’t support the view, and yet this […]
MCX Crude/ Crude Oil Update
The price action in MCX crude/ Crude oil on Friday was near frenzy level considering the fundamental backdrop in which the prices have been rallying since their January lows. Such frenzy is not uncommon before blowouts which we suspected on Friday itself. But we thought it prudent to wait till […]
MCX Crude / NYMEX Crude approach Make or Break Zone
Once in a while markets approach levels that have the capability to define the trend for the market for coming weeks or months. Something similar seems to be happening in crude oil as it approaches an important zone which may provide a decisive hint to the the next major trend […]
