USDINR up, Nymex Crude down.So MCX Crude will go up USDINR up, Nymex crude up- So MCX Price will go upĢ. These 3 Prices are enough to keep in mind.ġ. USDINR Rate (This is also available in the above site) Here you can see intraday chart and also every tick prices in crude oilĢ. International Crude Oil Price ( you can visit stockmaster.in/crude_oil.html )
#Stockmaster crude oil update#
because technical analysis beats fundamental analysis for crude oilĪlways 3 Prices should be kept in mind and you should update regularly.ġ. If anyone knows above sudden move, kindly explain here.Īlways dont worry about fundamentals in crude oil trading. But Our Indian Market makers moved the prices 60 points higher within a second. Normal Traders cannot think within one second. Who bought this 60 Points? Who sold this 60 Points? So 8:00:01 PM, Nymex Crude price is 101$. This question is to the my followers.Ĭrude Inventory data comes at 8:00:00 PM, Now MCX Crude Price is 6000, Nymex Crude is trading at 100$ at 8:00:00 PM.ĭata is released as positive. in the next post, i will explain in details.
#Stockmaster crude oil full#
In this post, i did not explain the full concept clearly. Technical Analysis and Fundamental Analysis based on the international market chart will only give the profit to indian traders.Īs Technology is improving, Our Indian Market Makers are using the automated trading system attached with international market like MT4, to Place they buy or sell orders in the MCX, and Moves the Prices in the MCX. So, Technical Analysis based on the MCX Crude is no use. We are copying the Nymex Crude and INR in International Market and Indian Traders have nothing in their hand. The Answer for all the question is "NO NO NO" "MCX Market is the "COPY PASTE MARKET" - So Profit Making is very easyġ.Is Indian Traders having such capacity to fix the price of the commodity market?Ģ.Is there any market movers in India having capacity of buying and selling the tons of lots?ģ.Is there any possibility to create the special community for operating the market like america? Now anybody here who can explain all these with practical examples and who can explain in some more clarity Natural Gas inventories are released, In general every Thursday (8:30PM IST).Report has instant effect on Natural Gas prices. Crude oil inventories are released normally on Wednesday (8 Pm IST), has instantaneous effect on crude oil prices.Ĩ. It’s a leading indicator of economic health because building construction produces a wide-reaching riffle effect.ħ. Housing starts/New Home sales: This report is a measure of the number of new residential buildings which began construction during the previous month. Positive figures indicate economic growth.Ħ. It has instantaneous effect on marker, especially precious metals like Gold and Silver are major to affect.ĥ Retail Sales: This report is change in the total value in the retail sales. FOMC meeting releases: US Federal Reserve declares the information about economic health and Federal reserve interest rates time to time. Good GDP numbers especially from US and other European countries leads to more risk taking and rise in commodities like base metals.Ĥ. GDP (Gross Domestic Product) is a primary Gauge of any nation’s health. In general, higher is unemployment, bad news for base metals and dollar which is U.S. It is an indicator which majors the number of individuals who filed for unemployment insurance with the government for the first week than in the last week. Major factor which affects the base metal prices is Jobless Data (Unemployment claims) release from US. There is daily, weekly inventory data release from London metal exchange.Demand supply ratio can also be changed due to events like labor strikes at important strikes, environmental issues, Geopolitical situations etc.Ģ. Indian market takes clue from International market like NYMEX (New York Mercantile Exchange), LME (London Metal Exchange) and varies accordingly.ĭemand-Supply: More is demand there will be more price rise. Data releases from United States, European countries, Major metal consumer/producers countries like China, Chiele have major role to play in commodity market.ġ. Hopefully it will helpful to commodity traders.įirst of all we should understand that though we are trading in Indian exchanges, domestic events have a very small role to play in commodities unlike to equity markets. We have taken a view of factors which affects commodity market.