Kshitij Consultancy Services
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Morning Briefing Brent (51.69) and WTI (49.42) have been well supported due to decrease (-3.6M) in U.S crude oil inventory and near term Oversold condition. In a major downtrend like this, the bounces are generally seen as fresh shorting opportunities by the big money with the speculators excited with the fast movement. While we have been expecting a bounce from 51.69 to53.80 in Brent and 49.42 to 51.50 in WTI , we prefer to wait for higher levels to create fresh short positions.
Last Updated Open High Low LTP
27-Apr-17 51.57 51.69 51.07 51.21
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C S Vijayalakshmi Vijaylakshmii has the rare ability to look at charts using both Classical charting as well as Elliot Waves, which she combines with excellent proficiency in Excel. A growing presence in the social media sphere, she is also an accomplished danseuse and choreographer.
MAR 9, 2017 AT 8:37 AM

8-Mar-17....Brent (56.61) and WTI (52.80) both are trading within their narrow ranges of 55-57.60 and 52.45-55. We have US Crude oil inventory data at 9.00 p.m IST. An increase in weekly inventory could open up lower levels for both Brent (53.54) and WTI(51 / 49.65) respectively.
~ C S Vijayalakshmi