Trends - oil asia - Business Recorder

oil asia

Brent oil may rise to $78.35

A drop from the current level may be limited to $76

Published 06 Jul, 2021 10:43am

Markets

Oil rises as US, Europe reopen economies

"Some expectations that negotiations between Iran and the United States may lead to a resumption of Iranian oil exports is limiting the upside of oil prices," said Hiroyuki Kikukawa, general manager of research at Nissan Securities.

Published 18 May, 2021 11:07am

Markets

Brent oil may rise towards March 8 high of $71.38

A wedge is contracting to a point, which looks more like a bullish continuation pattern. Once confirmed, it will suggest a target of $80.

Published 18 May, 2021 11:00am

Markets

US oil may edge up to $62.62 before falling

The wave C is expected to resume thereafter.

Published 23 Apr, 2021 11:37am

Markets

OPEC+ expected to stay cautious in face of market jitters

In addition, Saudi Arabia has volunteered to cut its own output by one million barrels per day (bpd) to help avoid oversupplying a market suffering from a collapse in demand due to the coronavirus pandemic.

Updated 01 Apr, 2021 04:20pm

Markets

Oil prices gain on expectations OPEC+ will keep lid on output

Under existing curbs, OPEC, led by Saudi Arabia, and non-OPEC producers, led by Russia, have cut just over 7 million barrels per day (bpd), while Saudi Arabia has made an additional voluntary reduction of 1 million bpd.

Published 31 Mar, 2021 12:01pm

Markets

Brent oil may rise towards $64.51

The current wave c may travel to $64.51 or a level slightly higher.

Published 26 Mar, 2021 11:36am

Markets

Oil falls as demand concerns trump Suez Canal disruptions

India on Wednesday reported its highest one-day tally of new infections and deaths and said a new "double mutant" variant of the coronavirus had been found.

Published 25 Mar, 2021 02:50pm

Markets

Brent oil may hover below $64.51

A five-wave cycle from $71.38 ended at $60.27 on Tuesday. Over the next few days, this cycle will be partially or totally reversed.

Published 25 Mar, 2021 11:38am

Markets

Brent oil may retest support at $67.33

This consolidation could be classified as a pullback towards a pivotal level of $66.29, the 100% projection level of an upward wave C from $35.74.

Published 17 Mar, 2021 11:44am

Markets

US oil may fall into $62.58-$63.61 range

It must be noted that the uptrend remains steady, as a wave C is capable of travelling to $71.93.

Published 16 Mar, 2021 11:14am

Markets

Brent oil may retest support at $67.94

Despite this consolidation, the uptrend looks intact. It may extend into a range of $77.96 to $85.17.

Published 16 Mar, 2021 11:13am

Markets

US oil may test support at $59.08

However, it is not very clear if the contract bounces towards $61.70 first, before breaking $59.41. Signals on the hourly chart suggests a small chance of the bounce.

Published 03 Mar, 2021 10:04am

Markets

Oil prices drop amid US dollar strength, expectations for supply gains

"The market's probably right to think at this price level and given what the fundamentals are doing, there'll be more supply coming into the market over time."

Published 26 Feb, 2021 12:17pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 18	278.55
USD PKR Interbank Buying / Dec 18	278.25
USD to Japanese Yen / Dec 18	155.22
USD to Swiss Franc / Dec 18	0.90
Pound Sterling to USD / Dec 18	1.26
Euro to USD / Dec 18	1.04

Stock	Volume
S&P 500 / Dec 18	5,872.16
India Sensex / Dec 18	79,372.61
Tokyo Nikkei / Dec 18	38,741.83
Nasdaq / Dec 18	19,392.69
Hang Seng / Dec 18	19,666.12
FTSE 100 / Dec 18	8,199.11
Dow Jones / Dec 18	43,326.87
Germany DAX 30 / Dec 18	20,242.57

Item	Value
Crude Oil USD/Barrel / Dec 18	70.19
Karachi Cotton PKR/37.32 KG / Dec 18	17,585
Gold 10 Grams PKR / Dec 18	241,945.20
Gold Spot USD/Ounce / Dec 18	2,609.22
Cotton US¢/pound / Dec 18	68.06
Petrol/Litre / Dec 19	252.10

Gainers
Losers
Leaders

Stock	Price
S.G.Power / Dec 19 S.G. Power Limited(SGPL)	10.17 ▲ 1.00 (10.91%)
Faran Sugar (R) / Dec 19 Faran Sugar Mills Limited (R)(FRSMR)	10.43 ▲ 1.00 (10.60%)
Popular Islamic / Dec 19 Popular Islamic Modaraba(PIM)	13.48 ▲ 1.23 (10.04%)
Attock Cement / Dec 19 Attock Cement Pakistan Limited(ACPL)	285.20 ▲ 25.93 (10.00%)
Liven Pharma / Dec 19 Liven Pharma Limited(LIVEN)	77.33 ▲ 7.03 (10.00%)
Oilboy Energy / Dec 19 Oilboy Energy Limited(OBOY)	12.65 ▲ 1.15 (10.00%)
Pak Datacom / Dec 19 Pak Datacom Limited(PAKD)	114.33 ▲ 10.39 (10.00%)
Sardar Chemical / Dec 19 Sardar Chemical Industries Limited(SARC)	37.95 ▲ 3.45 (10.00%)
Thatta Cement / Dec 19 Thatta Cement Company Limited(THCCL)	185.52 ▲ 16.87 (10.00%)

Stock	Price
Dadabhoy Cement / Dec 19 Dadabhoy Cement Industries Limited(DBCI)	6.83 ▼ -0.79 (-10.37%)
Ahmad Hassan / Dec 19 Ahmad Hassan Textile Mills Limited(AHTM)	49.50 ▼ -5.50 (-10.00%)
J.A.Textile / Dec 19 J.A. Textile Mills Limited(JATM)	40.70 ▼ -4.52 (-10.00%)
Shadman Cotton / Dec 19 Shadman Cotton Mills Limited(SHCM)	26.80 ▼ -2.95 (-9.92%)
LSE Financial Serv. / Dec 19 LSE Financial Services Limited(LSEFSL)	18.10 ▼ -1.97 (-9.82%)
Ideal Sp. / Dec 19 Ideal Spinning Mills Limited(IDSM)	11.30 ▼ -1.20 (-9.60%)
Trust Sec.& Brok. / Dec 19 Trust Securities & Brokerage Limited(TSBL)	9.55 ▼ -1.00 (-9.48%)
Imperial Limited / Dec 19 Imperial Limited(IML)	18.25 ▼ -1.91 (-9.47%)
Nazir Cotton Mills / Dec 19 Nazir Cotton Mills Limited(NCML)	11.51 ▼ -1.20 (-9.44%)

Stock	Volume
WorldCall Telecom / Dec 19 Worldcall Telecom Limited(WTL)	139,290,885 ▼ -0.08
Cnergyico PK / Dec 19 Cnergyico PK Limited(CNERGY)	67,462,895 ▼ -0.21
B.O.Punjab / Dec 19 The Bank of Punjab(BOP)	60,162,802 ▼ -0.22
Pak Refinery / Dec 19 Pakistan Refinery Limited(PRL)	54,507,413 ▼ -0.03
Pak Elektron / Dec 19 Pak Elektron Limited(PAEL)	50,144,684 ▲ 1.26
K-Electric Ltd. / Dec 19 K-Electric Limited(KEL)	46,773,842 ▼ -0.31
Sui South Gas / Dec 19 Sui Southern Gas Company Limited(SSGC)	41,964,816 ▲ 2.52
Aisha Steel Mill / Dec 19 Aisha Steel Mills Limited(ASL)	36,868,206 ▲ 0.09
Fauji Foods Ltd / Dec 19 Fauji Foods Limited(FFL)	21,856,915 ▼ -0.22

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