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Brent oil may retest support at $68.08

On the daily chart, the consolidation from the March 8 high of $71.38 is being shaped into a wedge which looks like a bullish continuation pattern, to be followed by a rally.

Published 27 May, 2021 12:03pm

Markets

U.S. oil may rise to $64.71

In terms of duration or depth, the fall looks far from complete. Eventually, oil could drop to $62.13 again.

Published 20 May, 2021 01:02pm

Markets

US oil neutral in $63.88-$65.45 range

The long-expected second correction may be developing towards $61.79, as indicated by a triangle.

Published 19 May, 2021 12:10pm

Markets

US oil may rise to $67.98

The second correction triggered by this zone looks too shallow, casting some shadow on the current rise.

Published 18 May, 2021 11:05am

Markets

Brent oil may revisit May 14 low of $66.50

On the daily chart, the rise during the previous trading session was due to a support at $66.29.

Published 17 May, 2021 11:50am

Markets

Brent oil may retest support at $67.33

Wave pattern suggests a downside bias. The resistance at $70.75 triggered a decent correction on March 8. It may cause a shallower one this time.

Published 12 May, 2021 12:27pm

Markets

US oil target of $67.98 aborted

Unless oil could quickly reverse the fall on Wednesday and break $66.52, it will be more likely to drop towards $62.62-$63.88 range.

Published 06 May, 2021 12:00pm

Markets

US oil may revisit April 30 low of $63.08

A downward wave C is developing towards a range of $58.84-$61.37.

Published 04 May, 2021 12:01pm

Markets

Brent oil may revisit April 20 high of $68.08

On the daily chart, oil has edged up above a resistance at $66.15. It may gain more towards $68.14.

Published 28 Apr, 2021 10:42am

Markets

Brent oil may fall to $63.84

A break above $65.46, now a resistance, could lead to a gain to $66.46. On the daily chart, oil is falling towards a channel line around $62.91.

Published 22 Apr, 2021 12:25pm

Markets

Brent oil may fall into $58.41-$59.12 range

The deep drop on Tuesday confirms an extension of the downtrend towards the target zone, which is suggested by a falling channel.

Published 24 Mar, 2021 11:49am

Markets

Brent oil may stabilize in support zone of $62.71-$63.29

A correction from the March 8 high of $71.38 has completed. It is expected to be further reversed.

Published 22 Mar, 2021 11:53am

Markets

Brent oil may rise towards Tuesday high $69.33

On the daily chart, oil stabilized around a support at $66.29, the 100% projection level of a an upward wave C.

Published 11 Mar, 2021 10:54am

Markets

US oil may test support at $59.08

Due to a small congestion area forming between Feb. 19 and Feb. 22, oil may fail to break $59.08 in its first attempt. A bounce could occur around this level.

Published 02 Mar, 2021 10:10am

Markets

Brent oil still targets $68.07-$68.56 range

A fall to $65.35 could signal the break above $66.29 was false, and a bearish target zone of $59.08-$62.14 will be established then.

Published 26 Feb, 2021 09:55am

Markets

US oil may retest resistance at $62.78

Based on the drop from this high to the Feb. 19 low of $58.59, oil is supposed to rise to $65.61. A break above $62.08 could signal the continuation of the uptrend.

Published 24 Feb, 2021 10:12am

Markets

Brent oil may extend gains into $66.45-$66.97 range

Based on the drop from $65.52, oil may rise to $69. Support is at $65.15, a break below which could cause a fall to $64.65.

Published 23 Feb, 2021 11:01am

Markets

Brent oil may fall into $61.74-62.23 range

Immediate resistance is at $63.04, a break above which could lead to a gain to $63.54. Only a further rise could signal the continuation of the uptrend.

Published 17 Feb, 2021 12:40pm

Markets

US oil may retest resistance at $61.02

A break below $59.91 could cause a fall to $59.38. The current wave count will be reviewed, if oil falls to this level. A break above $60.51 could signal the continuation of the uptrend.

Published 16 Feb, 2021 11:24am

Markets

US oil may rise into the $57.77-$58.06 range

It could easily overcome the subsequent barriers.

Published 08 Feb, 2021 10:33am

Markets

Brent oil may test resistance at $60.12

A rising trendline roughly points at a target of $62.50, the 400% projection level of an uptrend from $39.34.

Published 08 Feb, 2021 10:29am

Markets

US oil may rise into $54.60-$55.10 range

The resistance is identified as the 100% projection level of an upward wave C from $51.64.

Published 02 Feb, 2021 10:08am

Markets

US oil may retest support at $52.03

The consolidation from $53.93 has lasted so long that it raises some concern on whether the uptrend could remain steady. A break below $51.35 could signal a reversal of the trend.

Published 29 Jan, 2021 10:45am

Markets

US oil may test support at $51.35

The next support will be at $51.35.

Published 18 Jan, 2021 11:45am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Feb 7	279.10
USD PKR Interbank Buying / Feb 7	278.90
USD to Japanese Yen / Feb 7	151.83
USD to Swiss Franc / Feb 7	0.91
Pound Sterling to USD / Feb 7	1.24
Euro to USD / Feb 7	1.04
UK LIBOR % / Feb 6	4.96

Stock	Volume
S&P 500 / Feb 6	6,083.57
Nasdaq / Feb 6	19,791.99
Dow Jones / Feb 6	44,747.63
India Sensex / Feb 7	77,690.12
Tokyo Nikkei / Feb 7	38,787.02
Hang Seng / Feb 7	21,133.54
FTSE 100 / Feb 7	8,720.64
Germany DAX 30 / Feb 7	21,935.62
France CAC40 / Feb 7	8,010.74

Item	Value
Karachi Cotton PKR/37.32 KG / Feb 6	18,285
Gold 10 Grams PKR / Feb 6	256,087
Petrol/Litre / Feb 7	257.13
Crude Oil USD/Barrel / Feb 7	71.16
Gold Spot USD/Ounce / Feb 7	2,864.56
Diesel/Litre / Feb 7	267.95
Cotton US¢/pound / Feb 7	66.40

Gainers
Losers
Leaders

Stock	Price
Imperial Limited / Feb 7 Imperial Limited(IML)	18.87 ▲ 1.72 (10.03%)
Sana Ind / Feb 7 Sana Industries Limited(SNAI)	30.27 ▲ 2.74 (9.95%)
Shahtaj Sugar / Feb 7 Shahtaj Sugar Mills Limited(SHJS)	149.18 ▲ 12.6 (9.23%)
TPL Insurance / Feb 7 TPL Insurance Limited(TPLI)	10.39 ▲ 0.86 (9.02%)
Jahangir Sidd(Pref) / Feb 7 Jahangir Sidd(Pref)(JSCLPSA)	9.55 ▲ 0.69 (7.79%)
Shaheen Ins. / Feb 7 Shaheen Insurance Company Limited(SHNI)	6.70 ▲ 0.48 (7.72%)
Arpak Int. / Feb 7 Arpak International Investments Ltd.(ARPAK)	69.90 ▲ 4.89 (7.52%)
Mandviwala / Feb 7 Mandviwala Mauser Plastic Industries(MWMP)	19.90 ▲ 1.37 (7.39%)
Premier Insurance / Feb 7 Premier Insurance Limited(PINL)	5.89 ▲ 0.4 (7.29%)
EFU General / Feb 7 EFU General Insurance Limited(EFUG)	123.39 ▲ 7.27 (6.26%)

Stock	Price
First Capital Equities / Feb 7 First Capital Equities Limited(FCEL)	5.10 ▼ -0.79 (-13.41%)
Dewan Textile / Feb 7 Dewan Textile Mills Limited(DWTM)	6.61 ▼ -0.98 (-12.91%)
Apna Microfin. / Feb 7 Apna Microfinance Bank Limited(AMBL)	10.77 ▼ -1.2 (-10.03%)
Leather Up Ltd. / Feb 7 Leather Up Limited(LEUL)	35.26 ▼ -3.92 (-10.01%)
Chashma / Feb 7 Chashma Sugar Mills Limited(CHAS)	81.41 ▼ -9.05 (-10%)
Fateh Sports / Feb 7 Fateh Sports Wear Limited(FSWL)	85.50 ▼ -9.5 (-10%)
Intermarket Securities / Feb 7 Intermarket Securities Limited(IMS)	48.63 ▼ -5.4 (-9.99%)
Al-Khair Gadoon / Feb 7 Al-Khair Gadoon Limited(AKGL)	33.01 ▼ -3.49 (-9.56%)
Power Cem(Pref) / Feb 7 Power Cement (Pref)(POWERPS)	9.99 ▼ -1.01 (-9.18%)
Shield Corp. / Feb 7 Shield Corporation Limited(SCL)	245.01 ▼ -23.06 (-8.6%)

Stock	Volume
Silk Bank Ltd / Feb 7 Silkbank Limited(SILK)	119,523,297 ▼ -0.1
WorldCall Telecom / Feb 7 Worldcall Telecom Limited(WTL)	80,384,932 ▲ 0.02
Bank Makramah / Feb 7 Bank Makramah Limited(BML)	64,937,708 ▼ -0.08
B.O.Punjab / Feb 7 The Bank of Punjab(BOP)	17,199,644 ▼ -0.28
TRG Pak Ltd / Feb 7 TRG Pakistan Limited(TRG)	13,127,512 ▲ 0.25
Cnergyico PK / Feb 7 Cnergyico PK Limited(CNERGY)	12,104,269 ▼ -0.03
National Bank / Feb 7 National Bank of Pakistan(NBP)	10,980,621 ▼ -0.33
Fauji Foods Ltd / Feb 7 Fauji Foods Limited(FFL)	10,484,043 ▼ -0.2
The Searle Co. / Feb 7 The Searle Company Limited(SEARL)	10,207,814 ▼ -1.73
Citi Pharma Ltd / Feb 7 Citi Pharma Ltd.(CPHL)	9,959,309 ▼ -1.96

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