WTI crude has fallen below $69 per barrel, marking a decline of over 8%, the largest weekly drop since the last week of September. Weakness in oil intensified further today by slowing economic growth in China and a reduction in supply disruptions in the Middle East. China’s GDP grew by 4.6% in the September quarter… Read More »
A role reversal has occurred, with previous key resistance now acting as strong support, prompting a price rebound. Implied Volatility (IV) remains elevated at 53-56%, and skews are heavily favoring calls over puts, indicating that the geopolitical risk premium from West Asia is still factored in. The recent price correction has been substantial, suggesting the… Read More »
Israel-Iran China US Fed The trio to rock Commodity markets till the US elections in November. MCX Crude Oil Gann Angle Chart Crude is near its gann cycle on 07 Oct and can see a trend reversal once price start trading below 6200. MCX Crude Oil Supply Demand Zone MCX CRUDE… Read More »
MCX Crude Oil Gann Angle Chart Crude has taken support to its 1×1 gann angle holding the same can head towards 6000. MCX Crude Oil Supply Demand Zone MCX CRUDE OIL Supply Demand Chart : Demand in range of 5555-5600, Supply in range of 6000-6066. MCX Crude Oil Crude Harmonic … Read More »
Federal Reserve Chair Jerome Powell laid the groundwork Friday for interest rate cuts ahead, though he declined to provide exact indications on timing or extent. “The time has come for policy to adjust,” the central bank leader said in his much-awaited keynote address at the Fed’s annual retreat in Jackson Hole, Wyoming. “The direction of… Read More »
WTI Crude steadied near $78/bbl as geopolitical tensions in the Middle East and easing US recession concerns counter soft Chinese demand and an unexpected increase in US oil stocks. MCX Crude Oil Gann Angle Chart Crude is facing resistance near 3×4 gann angle, Strong support at 6400 gann monthly trend change level , Holfing this… Read More »
MCX crude foremd a Weekly Doji on signs of improved fuel demand in the US over the summer travel season and hopes of an imminent Fed pivot MCX Crude Oil Gann Angle Chart Crude broke the 3×4 Gann line as shown above, heading towards 7056-7225 till holding 6729 MCX Crude Oil Supply Demand Zone … Read More »
WTI crude oil edged lower but still held near two month highs buoyed by early appearance of Hurricane Beryl coupled with sharp decline in US inventories MCX Crude Oil Gann Angle Chart Crude broke the 3×4 Gann line as shown above, heading towards 7200-7273 MCX Crude Oil Supply Demand Zone … Read More »
MCX Crude Oil Gann Angle Chart Crude broke the 3×4 Gann line as shown above, heading towards 7000 MCX Crude Oil Supply Demand Zone MCX CRUDE OIL Supply Demand Chart : Demand in range of 6555-6600 , Supply in range of 6777-6800 MCX Crude Oil Crude Harmonic Price… Read More »
MCX Crude Oil Gann Angle Chart Crude broke the 3×4 Gann line as shown above, heading towards 6800 MCX Crude Oil Supply Demand Zone MCX CRUDE OIL Supply Demand Chart : Demand in range of 6276-6300 , Supply in range of 6541-6566 MCX Crude Oil Crude Harmonic Price is heading… Read More »