Archives for: Crude Category

CRUDE-MCX-ASR

 

Now at 3872 level.

sms-3 days

Yesterday Given Call to Buy above 3794…………….Stop of 3750-3745

Target :3863—————-3915 level !

Yesterday kissed High of 3891 level in hrs only.Mint Money in TONS !

Technically Yours/ASR TEAM/BARODA

 

The next OPEC meeting is on June 5; 29 of 30 analysts polled by Bloomberg expect no change in the Saudi-led pump and dump strategy

  • The Organization of Petroleum Exporting Countries will stick with the strategy of favoring market share over prices
  • All but one of the 34 analysts and traders surveyed by Bloomberg said OPEC will maintain its daily production target of 30 million barrels when it meets in Vienna on June 5

Prices rose 46 percent since mid-January as producers cut spending plans and the number of active U.S. drilling rigs fell by the most ever

“Dramatic cuts in spending and drilling are finally having an impact, so why on earth would Saudi Arabia change course now their strategy is just starting to bear fruit,” Mike Wittner, head of oil research at Societe Generale SA, said by phone from New York on May 19. “Anyone who expects anything to happen at this meeting is going to be sorely disappointed.”

More at Bloomberg 

CRASH-CRUDE

CRUDE-CRASHED VERTICALLY

Day Before Yesterday Recommended to sell CRUDE MCX at 3960…Stop of 4020

Targets were :3830 level.

Yesterday Evening ,We told ……….Below 3830 level will crash to kiss 3785—3760 level.

It Crashed to 3767 level in hrs only.

NICKEL-1219

Yesterday Afternoon Recommended to go short at 890 level.

It crashed to kiss low of  875 in late night trade !

Mint Money 24x7x366 Days !

NATURALGAS

As Expected BLASTED LIKE ROCKET !

SILVER MCX :As Expected SKYROCKETED !!

WHAT ELSE U WANT IN LIFE ?Just let us know.

CRUDE-CRASHED VERTICALLY

http://www.anirudhsethireport.com/crude-mcx-from-3820-to-3950-in-48-hrs-only/

sms-3rd Dec

Late Night ,Our Message Sell CRUDE ……….Stop of  4020 & RELAXXXXXXXXXX

Our Lower Targets were : 3905————–3845————————-3830 level.

Yes ,Just see Now kissed low of  3844 level in panic.

Mint Money 24x7x366 Days !

CRUDE-F

 

Day Before Yesterday Recommended to Buy CRUDE MCX

Just see From 3820 ,Now zoomed to kiss 3950 level.

Yes ,Mint Money from all Corners.

Technically Yours/ASR TEAM/BARODA

CRUDE MCX-Zoomed Like Rocket

12 May 2015 - 16:24 pm

CRUDE-CRASHED

Yesterday Night :Recommended to Buy CRUDE MCX at 3820 level.

With Target of  3871 & there after more FIREWORK !

Now kissed High of  3893 level.

(Yes ,Already updated more to our Subscribers )

 

The Organization of the Petroleum Exporting Countries doesn’t see oil prices consistently trading at $100 barrel again in the next decade, a pessimistic assessment that has the group considering the return of production limits to influence the market, according to a draft of the cartel’s latest strategy report.

The report, seen by The Wall Street Journal, predicts that oil prices will be about $76 a barrel in 2025 in its most optimistic scenario, a reflection of OPEC worries that American competitors will be able to cope with low prices and keep pumping out supplies. It also contemplates situations where crude oil costs below $40 a barrel in 2025.

“$100 is not in any of the scenarios,” said a delegate at the OPEC strategy presentation last week in Vienna.

An OPEC official declined to comment >> Read More

 

 

 

PARTY FOR BEARS

 

Crude shock for subsidy bill

08 May 2015 - 7:23 am
 

The spike in global crude prices and the weakening of the rupee against the dollar could impact the Rs 30,000-crore oil subsidy bill of the government.

While crude prices have soared over 40 per cent since January and are around $68 per barrel, the rupee has dipped to a 20-month low, breaching the psychological $64 to a dollar.

“We are watching the situation. There is no need to take any knee-jerk measure,” a senior oil ministry official said.

Finance ministry officials said, “The government has enough cushion for now to deal with the crude price hike … we don’t expect a rise in crude prices to hurt the fuel subsidy bill for now.”

The spike in crude prices from a six-year low of $45.19 in January had prompted state-owned oil retailers to increase petrol prices by about Rs 4 a litre, the biggest in three years.

“The movement of prices in the international oil market and the rupee-dollar exchange rate shall continue to be closely monitored and developing trends of the market will be reflected in future price changes,” Indian Oil Corporation said.

>> Read More

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Technically Yours,
Team ASR,
Baroda, India.