1 / 5

SPECIAL REPORT ON COMMODITY

US Shale is going to be cut the operations. <br> <br>China's aviation oil demand to grow in double digit figures.

PurviMehta
Download Presentation

SPECIAL REPORT ON COMMODITY

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. 0 | P a g e www.capitalstars.com www.capitalstars.com | | CapitalStars Research CapitalStars Research CRUDE OIL SPECIAL REPORT MARCH

  2. 1 | P a g e FUNDAMETNALS US Shale is going to be cut the operations. China's aviation oil demand to grow in double digit figures. Mid-March meeting between OPEC and Non OPEC producers. Russia, Iran and Saudi Arabia seemed to be set for an agreement on production when everything seemed to just fall apart. But Iran has said it plans to raise production to pre-sanction levels and Saudi Arabia said an outright production cut is out of the question. Iran’s oil minister said the idea that a freeze would improve prices is a “joke.” Iran has promised to continue increasing oil production in an attempt to regain the market share it lost during several years of US sanctions.

  3. 2 | P a g e Data from Baker Hughes showed that the number of active U.S. oil-drilling rigs fell for a 10th week in a row—to their lowest in more than six years. It was down by 13 to 400 as for the weekend of February 26. Saudi oil minister Ali Al-Naimi said producers will hopefully meet in March to negotiate an output freeze, but production cuts will not happen. Iran also made it clear that it was not interested in participating in the production freeze proposed last week by Russia and Saudi Arabia, calling the proposal to freeze output “laughable”. Monthly Oil Market Report: BY OPEC • Monday, 14 March • Wednesday, 13 April • Friday, 13 May • Monday, 13 June • Tuesday, 12 July • Wednesday, 10 August • Monday, 12 September • Wednesday, 12 October • Friday, 11 November • Wednesday, 14 December

  4. 3 | P a g e TECHNICAL VIEW MCX CRUDE OIL as seen in the monthly chart opened at 2276 levels and made low of 1805 levels. During this period prices corrected & made high of 2396 levels finally closed at 2262 levels. Now, there are chances of upward movement technically & fundamentally. Technical view: Crude oil during the February made low 1805, but not sustain the near lows. As per candlestick pattern it has doji, expected to bounce the prices for upside.

  5. 4 | P a g e DISCLAIMER The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Use of this report in no way constitutes a client/advisor relationship, all information we communicate to you (the subscriber) either through our Web site or other forms of communications, are purely for informational purposes only. We recommend seeking individual investment advice before making any investment, for you are assuming sole liability for your investments. Capital Stars will in no way have discretionary authority over your trading or investment accounts. CONTACT US REGISTERED OFFICE Capitalstars Financial Research Private Limited Plot No.12, Scheme No. 78, Part-II, Vijay Nagar, INDORE – 452010 M.P. Office: +91 731 6669900 Mob: - +91 99774 99927 Email:-admin@capitalstars.com www.capitalstars.com www.capitalstars.com | | CapitalStars Research CapitalStars Research

More Related