0R15 8520.0 0.0% 0R1E 8203.0 0.0% 0M69 21090.0 67.5139% 0R2V 226.02 9878.8079% 0QYR None None% 0QYP 412.97 -2.8306% 0RUK 2652.0 -9.2402% 0RYA 1554.0 -0.7029% 0RIH 174.55 -1.3563% 0RIH 165.15 -5.3853% 0R1O 198.5 9800.2494% 0R1O None None% 0QFP None None% 0M2Z 267.777 -0.1763% 0VSO 32.05 -9.9846% 0R1I None None% 0QZI 559.0 0.7207% 0QZ0 220.0 0.0% 0NZF None None% 0YXG 165.7358 2.7149%
Crude Oil March Future (NYMEX: CLH24):
As per the previous recommendation on ‘Crude Oil’ on 31 January 2024, a ‘Sell’ rating was given on the Commodity at USD 77.445, and noted below are the details of the recommendation summary provided in the previous report:
Technical Analysis summary as on 31 January 2024.
Crude Oil Daily Chart:
Chicago, IL, USA, 11:20 PM (GMT-6)
Considering the target levels is yet to achieved, but ‘Crude Oil’ currently trading near a Support level, and it is prudent to book profits at the current levels. Hence, a ‘Exit’ rating has been provided on the Commodity at the Current Market Price of USD 74.120 as of February 2, 2024.
Note 1: Past performance is neither an indicator nor a guarantee of future performance.
Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is February 02, 2024. The reference data in this report has been partly sourced from REFINITIV.
Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.
Technical Indicators Defined: -
Support: A level at which the stock prices tend to find support if they are falling, and downtrend may take a pause backed by demand or buying interest.
Resistance: A level at which the stock prices tend to find resistance when they are rising, and uptrend may take a pause due to profit booking or selling interest.
Stop-loss: In general, it is a level to protect further losses in case of any unfavourable movement in the stock prices.
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