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The market value of Saudi Aramco has reached $2tn just a day after its stock market debut.
That's as shares in the world's biggest oil producer rose by another 10% on their second day of trading.
Crown Prince Mohammed bin Salman had been understood to have targeted the $2tn mark when the state-controlled company's shares were first being marketed.
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Daily market technical analysis trend buy
According to some best indicator like
Bollinger band
RSI
Zigzag
Market is going to up position if you like and gain good profit open buy order and gain goof and huge profit I thing keep in mind use money manage and always use stop loss and take profit.
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Oil
Crude oil futures moved higher once again during yesterday’s session, overcoming the upper border of the rising green trend channel for the third time in a row. While the futures finished the day above this resistance, the bulls didn’t manage to hold gained ground in full.
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An oil is any nonpolar chemical substance that is a viscous liquid at ambient temperatures and is both hydrophobic (does not mix with water, literally "water fearing") and lipophilic (mixes with other oils, literally "fat loving"). Oils have a high carbon and hydrogen content and are usually flammable and surface active.
The general definition of oil includes classes of chemical compounds that may be otherwise unrelated in structure, properties, and uses. Oils may be animal, vegetable, or petrochemical in origin, and may be volatile or non-volatile.[1] They are used for food (e.g., olive oil), fuel (e.g., heating oil), medical purposes (e.g., mineral oil), lubrication (e.g. motor oil), and the manufacture of many types of paints, plastics, and other materials. Specially prepared oils are used in some religious ceremonies and rituals as purifying agents.
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Oil - US Crude , Oil - Brent Crude chart by TradingView
Crude oil is one of the most in-demand
commodities, with the two most popularly
traded grades of oil being Brent Crude
and West Texas Intermediate (WTI). Crude
oil prices reflect the market’s volatile and
liquid nature, as well as oil being a
benchmark for global economic activity.
The oil price charts offer live data and
comprehensive price action on WTI Crude
and Brent Crude patterns. Get information
on key pivot points, support and
resistance and crude oil news.
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Oil ka 101 ke paas 1 bahut strong resistance lag raha hai...
jab tak isko cross nahi karega tab tak iski buying karna thik nahi lag raha...
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Petrochemistry is a branch of chemistry that studies the transformation of crude oil (petroleum) and natural gas into useful products or raw materials. These petrochemicals have become an essential part of the chemical industry today.
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Usoil
cfds on crude oil (wti)
60.33
usd
−0.72 (−1.18%)
market closed (dec 20 16:44 utc-5)
61.05
prev
61.05
open
232.564k
volume
60.00 — 61.17
day's range
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Successful traders have to move fast, but they don't have to think fast. Why? Because they've developed a trading strategy in advance, along with the discipline to stick to that strategy. It is important to follow your formula closely rather than try to chase profits. Don't let your emotions get the best of you and abandon your strategy. There's a mantra among day traders: "Plan your trade and trade your plan."
trading takes a lot of practice and know-how, and there are several factors that can make the process challenging. The risk/reward ratio helps investors manage their risk of losing money on trades. Even if a trader has some profitable trades, he will lose money over time if his win rate is below 50%. The risk/reward ratio measures the difference between a trade entry point to a stop-loss and a sell or take-profit order. Comparing these two provides the ratio of profit to loss, or reward to risk.
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oil should be marking out the first leg of a larger correction. Shoud fade over 94(94.15) below 94.15 for 92.50 again before 96.00. I have selling position in 94.25 and will closed after 100 pips profit.