CRUDEOIL NEWS why is Crude Oil (kachcha Tel Oil) price falling or rising

CRUDEOIL NEWS reasons for why stock price of Crude Oil (kachcha Tel Oil) is falling or rising

CRUDEOIL Crude Oil is falling or rising technical reasons

Technical analysis forecast of Crude Oil Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Crude Oil CRUDEOIL at this time. Stock is rising and might rise more.

It appears as if Crude Oil CRUDEOIL gave a large move recently.

Stock of Crude Oil (CRUDEOIL) is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

Although my analysis for Crude Oil is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 6356.7, for a target of 6139.4 or 5958.42

CRUDEOIL Crude Oil is falling or rising NEWS fundamental reasons

Oil India, ONGC surge up to 6% in weak market on rising crude oil prices In one month, ONGC (down 6%) and Oil India (down 17%) have underperformed the Sensex, which down less than 1% as the lower crude price momentum has led to correction in state-owned upstream companies. - NEWS as on 2024-10-04 business-standard.com

Sensex, Nifty Set To Extend Losses As Crude Oil Spikes (RTTNews) - Indian shares may open on a sluggish note Friday as oil prices spiked amid signs of an escalating conflict between Iran and Israel, with U.S. President Joe Biden saying the U.S. was discussing whether to support potential Israeli strikes agains - NEWS as on 2024-10-04 nasdaq.com

Paint and tyre stocks slide up to 6% as crude oil prices soar on Middle East tension Berger Paints dropped 6% to Rs 582.8, while Asian Paints fell 4.4%. Kansai Nerolac, Akzo Nobel, and Indigo Paints also saw declines of up to 3%. Similarly, tyre stocks like Apollo Tyres, Balkrishna Industries, Ceat, Goodyear, JK Tyre, and MRF plunged by up - NEWS as on 2024-10-03 indiatimes.com

More announcements and NEWS

CRUDEOIL Crude Oil (kachcha Tel Oil) current price & indicator signals

Moving Averages for Crude Oil (kachcha Tel Oil)

  • 5Day Average: 5919.8
  • 12Day Average: 5934.5
  • 20Day Average: 5859.65
  • 50Day Average: 6135.5
  • 100Day Average: 6399.44
  • 150Day Average: 6538.89
  • 200Day Average: 6461.37

CRUDEOIL Indicators & signals

Indicator MACD (12,26,9)

5952.71, 5986.05, -91.22
Indicator MACD is in negative zone

Indicator ADX (14)

20.27, 31.11, 20.63
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 51
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of CRUDEOIL Crude Oil (kachcha Tel Oil) are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
04 Fri Oct 2024 6339.00 6177.00 to 6360.00 2.89% 1.32 times
03 Thu Oct 2024 6161.00 5936.00 to 6211.00 7.3% 1.77 times
30 Mon Sep 2024 5742.00 5683.00 to 5824.00 0.84% 1.07 times
27 Fri Sep 2024 5694.00 5638.00 to 5761.00 0.55% 0.93 times
26 Thu Sep 2024 5663.00 5627.00 to 5862.00 -3.05% 1.81 times
25 Wed Sep 2024 5841.00 5818.00 to 6004.00 -2.37% 1.24 times
24 Tue Sep 2024 5983.00 5930.00 to 6069.00 1.44% 0.94 times
23 Mon Sep 2024 5898.00 5830.00 to 6020.00 -1.29% 1.07 times
20 Fri Sep 2024 5975.00 5897.00 to 5980.00 -0.68% 0.67 times
19 Thu Sep 2024 6016.00 5923.00 to 6062.00 1.74% 0.21 times
18 Wed Sep 2024 5913.00 5815.00 to 5982.00 -1.27% 0.28 times
17 Tue Sep 2024 5989.00 5834.00 to 6026.00 1.73% 1 times

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