Thursday, 7 November 2013
Wednesday, 6 November 2013
Crude oil climbs to session high after bullish supply data
Crude oil futures extended gains on Wednesday, after a government report showed that U.S. oil supplies rose less-than-expected last week.
On the New York Mercantile Exchange, light sweet crude futures for delivery in December traded at USD94.55 a barrel during U.S. morning trade, up 1.25%.
Nymex oil prices traded at USD94.38 a barrel prior to the release of the supply data.
New York-traded oil futures traded in a range between USD93.36 a barrel, the daily low and a session high of USD94.65 a barrel.
The December contract fell to USD93.07 a barrel on Tuesday, the lowest since June 24, before settling at USD93.37 a barrel, down 1.32%.
Oil futures were likely to find support at USD93.07 a barrel, Tuesday’s low and resistance at USD96.64 a barrel, the high from November 1.
The U.S. Energy Information Administration said in its weekly report that U.S. crude oil inventories rose by 1.57 million barrels in the week ended November 1, compared to expectations for an increase of 1.63 million barrels.
Total U.S. crude oil inventories stood at 385.4 million barrels.
The report also showed that total motor gasoline inventories declined by 3.8 million barrels, compared to expectations for a drop of 338,000 barrels.
U.S. crude prices have been on a downward trend in recent weeks amid concerns the recent U.S. government shutdown created a drag on economic growth and eroded demand in the world’s largest oil consumer.
Market players now looked ahead to the release of key U.S. economic data later in the week to help assess the timing for a reduction in the Federal Reserve’s bond-purchasing program.
The U.S. is set to release preliminary data on third quarter economic growth on Thursday, while October’s highly-anticipated nonfarm payrolls report is scheduled for Friday.
Elsewhere, on the ICE Futures Exchange, Brent oil futures for December delivery rose 0.55% to trade at USD105.90 a barrel, with the spread between the Brent and crude contracts standing at USD11.35 a barrel.. By Investing.com
Nymex oil prices traded at USD94.38 a barrel prior to the release of the supply data.
New York-traded oil futures traded in a range between USD93.36 a barrel, the daily low and a session high of USD94.65 a barrel.
The December contract fell to USD93.07 a barrel on Tuesday, the lowest since June 24, before settling at USD93.37 a barrel, down 1.32%.
Oil futures were likely to find support at USD93.07 a barrel, Tuesday’s low and resistance at USD96.64 a barrel, the high from November 1.
The U.S. Energy Information Administration said in its weekly report that U.S. crude oil inventories rose by 1.57 million barrels in the week ended November 1, compared to expectations for an increase of 1.63 million barrels.
Total U.S. crude oil inventories stood at 385.4 million barrels.
The report also showed that total motor gasoline inventories declined by 3.8 million barrels, compared to expectations for a drop of 338,000 barrels.
U.S. crude prices have been on a downward trend in recent weeks amid concerns the recent U.S. government shutdown created a drag on economic growth and eroded demand in the world’s largest oil consumer.
Market players now looked ahead to the release of key U.S. economic data later in the week to help assess the timing for a reduction in the Federal Reserve’s bond-purchasing program.
The U.S. is set to release preliminary data on third quarter economic growth on Thursday, while October’s highly-anticipated nonfarm payrolls report is scheduled for Friday.
Elsewhere, on the ICE Futures Exchange, Brent oil futures for December delivery rose 0.55% to trade at USD105.90 a barrel, with the spread between the Brent and crude contracts standing at USD11.35 a barrel.. By Investing.com
Live Trade Net Result on 06.11.13
TOTAL MTM - Rs 1,26,050 on 06.10.10 LEDGER BALANCE.
Live Trade Net Result on 06.11.13
TOTAL NO OF TRADES - 7
POSITIVE -7
NEGATIVE - 0
TRADE 1 -COPPER - LONG - NET PROFIT - Rs 3500
TRADE 2 - CRUDE OIL - LONG - NET PROFIT - Rs 5000
TRADE 3 - ALUMINI - LONG - NET PROFIT - Rs 600
TOTAL MTM - Rs 1,26,050 + Rs 19,900/-
TOTAL MTM - Rs 1,45,950 on 07.10.10 LEDGER BALANCE.
Live Trade Net Result on 06.11.13
TOTAL NO OF TRADES - 7
POSITIVE -7
NEGATIVE - 0
TRADE 1 -COPPER - LONG - NET PROFIT - Rs 3500
TRADE 2 - CRUDE OIL - LONG - NET PROFIT - Rs 5000
TRADE 3 - ALUMINI - LONG - NET PROFIT - Rs 600
TRADE 4 - ZINCMINI - LONG - NET PROFIT - Rs 800
TRADE 5 - SILVERM - LONG - NET PROFIT - Rs 3200
TRADE 6 - LEADMINI - LONG - NET PROFIT - Rs 600
TRADE 7 - CRUDE OIL - LONG - NET PROFIT - Rs 6200
So Net Profit Rs 19,900/- ON 06.11.13.
Ref., Last year Live Contract Note Amount Profit Amount matched for today trade..It's possible on one day trade by a highly accurate technical support..
TRADE 7 - CRUDE OIL - LONG - NET PROFIT - Rs 6200
So Net Profit Rs 19,900/- ON 06.11.13.
Ref., Last year Live Contract Note Amount Profit Amount matched for today trade..It's possible on one day trade by a highly accurate technical support..
TOTAL MTM - Rs 1,26,050 + Rs 19,900/-
TOTAL MTM - Rs 1,45,950 on 07.10.10 LEDGER BALANCE.
Live Trade Net Result on 05.11.13
TOTAL MTM - Rs 1,23,550/- on 05.10.10 LEDGER BALANCE.
Live Trade Net Result on 05.11.13
TOTAL NO OF TRADES - 1
POSITIVE - 1
NEGATIVE - 0
TRADE 1 - CRUDE OIL - LONG - NET PROFIT - Rs 2500
TOTAL MTM - Rs 1,23,550 + Rs 2,500
TOTAL MTM - Rs 1,26,050 on 06.10.10 LEDGER BALANCE.
Live Trade Net Result on 05.11.13
TOTAL NO OF TRADES - 1
POSITIVE - 1
NEGATIVE - 0
TRADE 1 - CRUDE OIL - LONG - NET PROFIT - Rs 2500
TOTAL MTM - Rs 1,23,550 + Rs 2,500
TOTAL MTM - Rs 1,26,050 on 06.10.10 LEDGER BALANCE.
Live Trade Dairy by Live Signal and Live Trade on ZincM on 06.11.13 ..Part 4
Zinc M Mcx Nov: buy at present levels(CMP 119.05) And on dips to 118.80, TGT 120.40, SL below 118 11/6/2013 : 12:59:47 PM
Buy Zinc M @ 118.75
Sell Zinc M @ 119.75
Net Profit - Rs 800/-
Book Profits CMP 119.65((Zinc M Mcx Nov: buy at present levels(CMP 119.05) And on dips to 118.80, TGT 120.40, SL below 118 Time 12:59:47 PM)) 11/6/2013 : 2:42:11 PM
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