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

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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 for Crude Oil Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Crude Oil CRUDEOIL at this time. Stock is falling and might fall more.

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

Stock of Crude Oil (CRUDEOIL) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Crude Oil is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Crude Oil stays below 6322.7, but if it comes above 6322.7, then a intra day buy could be more profitable.
If you take a sell trade below 6322.7, then use 6322.7 as stoploss and 6141.4 as target. However if you take a buy trade in Crude Oil, then use 6322.7 as stoploss and 6473.73 as target.

CRUDEOIL Crude Oil is falling or rising NEWS fundamental reasons

Russian crude oil imports to India fall 4% in November In November, India's imports of Russian crude oil dropped by 4% to 1.49 million barrels per day, reflecting a broader decline in crude imports by New Delhi. Despite this decline, Russia remained the top supplier, accounting for 33% of India's total crude i - NEWS as on 2023-12-01

India, Africa to be major contributors to 112 million barrel/day of peak global crude oil demand in 2030: S&P The global demand for crude oil is expected to peak in 2030 at 112 million barrels per day, with India and Africa being major contributors, according to S&P Global Commodity Insights. The current global demand is at 103 million barrels per day. India a - NEWS as on 2023-11-30

Beans Rally with Export Announcement and Crude Oil The soy complex closed mixed as meal futures missed out. Soymeal futures were the weak link, falling .60 to .40 across the front months. Beans were up by 1% on the day, helped by the strong soy oil market. Soybean Oil futures rallied back on Tuesday by - NEWS as on 2023-11-28

More announcements and NEWS

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

Moving Averages for Crude Oil (kachcha Tel Oil)

  • 5Day Average: 6371.2
  • 12Day Average: 6357.83
  • 20Day Average: 6409.9
  • 50Day Average: 6866.44
  • 100Day Average: 6844.86
  • 150Day Average: 6522.97
  • 200Day Average: 6455.63

CRUDEOIL Indicators & signals

Indicator MACD (12,26,9)

6398.82, 6534.12, -158.17
Indicator MACD is in negative zone

Indicator ADX (14)

20.98, 17.93, 27.44
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

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
01 Fri Dec 2023 6281.00 6210.00 to 6409.00 -1.97% 1.11 times
30 Thu Nov 2023 6407.00 6278.00 to 6644.00 -1.25% 2.81 times
29 Wed Nov 2023 6488.00 6323.00 to 6505.00 1.17% 1.04 times
28 Tue Nov 2023 6413.00 6238.00 to 6432.00 2.33% 0.88 times
27 Mon Nov 2023 6267.00 6156.00 to 6367.00 -1.23% 0.68 times
24 Fri Nov 2023 6345.00 6330.00 to 6436.00 -0.45% 0.58 times
23 Thu Nov 2023 6374.00 6287.00 to 6408.00 0.17% 0.65 times
22 Wed Nov 2023 6363.00 6170.00 to 6506.00 -1.62% 1.75 times
21 Tue Nov 2023 6468.00 6420.00 to 6500.00 -1.15% 0.59 times
20 Mon Nov 2023 6543.00 6373.00 to 6548.00 3.54% 0.79 times
17 Fri Nov 2023 6319.00 6070.00 to 6307.00 4.86% 0.23 times
16 Thu Nov 2023 6026.00 6000.00 to 6378.00 -6.2% 0.39 times

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