Crude has been witnessing volatility but within a fixed range of $90-70 for the last couple of months. Whether it would continue to trade within the mentioned range or break on either side is to be seen. Any signs of bullishness for the long term will come in on a sustained or confirmed break above $90.
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WHAT'S NEW?
Dec '24 Monthly Forecast
Our December '24 Dollar Rupee Monthly Forecast is now available. To order a PAID copy, please click here and take a trial of our service.
WHAT'S NEW?
Dec'24 EURUSD Report
In line with our alternate view in our Nov-24 edition (13-Nov-24, EURUSD @ 1.0615), Euro did break below 1.06 and fell to a low of 1.0333 in Nov-24. However, it could not sustain at the lows and have bounced back well to ...Read More
WHAT'S NEW?
Dec'24 Crude Oil Report
With recent US economic data coming out strong, there has been reduced chances for an immediate economic slowdown in the US. Will this reduce chances of a decline in the crude prices and continue to keep it ranged? Or can there still be a significant movement in crude in the coming months? ... Read More
WHAT'S NEW?
Dec '24 US Treasury Report
In our Nov-24 report (31-Oct-24, US10Yr @ 4.26%), we had said that it was possible that the FED may cut rates by at least another 50bp in 2024; that the fall in the US10Yr from 5.02% is over and an immediate dip from 4.4% to 4.0-3.8% could give way to an eventual rise past 4.8% towards 5.0%. In line with that, the FED did cut rates by 25bp in November. Although the US 10Yr rose to .... Read More