Technical view by Nooresh on Sensex/Stocks/Commodities |
| Brent Crude hits 97-98. Good For Nifty ? Posted: 10 Sep 2014 08:41 PM PDT Its been a long time since i have covered commodities on the blog. Last we had called a top in brent crude way back in 2012 and also had picked it precisely way back in 2008.
Currently we are seeing a big triangle breakdown on Brent Crude
On the downside 96-97 and 90 remain supports but it would be tough for crude to scale above 104-106. This augurs well for Indian Markets fundamentally in the sense we are not seeing a big spike in crude so better inflation, lower oil prices and bla bla.
But if we try to plot a chart of Nifty and Brent its very tough to point a direct co relation in prices.
Below is the chart. Do post your comments.
Cant see a co – relation ? do you ? Brent Crude hits 97-98. Good For Nifty ? is a post from: Technical view by Nooresh |
| You are subscribed to email updates from Technical view by Nooresh To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google Inc., 20 West Kinzie, Chicago IL USA 60610 | |
No comments:
Post a Comment