Oil

[Khuram07]

News) - Gran Colombia Gold Corp. (TSX: GCM) is reporting a nearly 17% drop in production in the second quarter compared to 2019 as the global COVID-19 pandemic continues to impact mining operations around the world.

In a press release Friday, the Colombian gold miner said that for the second quarter of 2020 it produced a total of 48,228 ounces of gold compared with 57,882 ounces in the second quarter of 2019.

For the first half of 2020, it produced a total of 104,475 ounces of gold compared with 118,483 ounces in the first half of last year, the company added.

[Hassinali]

By Nick Cunningham - Jul 16, 2020, 6:00 PM CDT
Negotiations were relatively smooth, and OPEC+ did not deliver any major surprises when it agreed to ease the production cuts beginning in August. Widely expected, oil traders appeared satisfied by the move. However, the path forward for the group – and the oil market – remains rocky. In recent days, a flurry of reports from oil analysts and investment banks made the case that OPEC+ had room to add some supply back onto the market. Bringing 2 million barrels per day (mb/d) back online (easing cuts from 9.7 to 7.7 mb/d) does not come without risks, but lifting the production cap is a reasonable decision since supply technically trails demand at the moment, the thinking goes.

The deal did produce one odd twist. The countries that lagged in their compliance in recent months were compelled by Saudi Arabia to “compensate” for their overproduction by cutting deeper next month. This makes the OPEC+ cuts deeper in the short-term – instead of easing cuts to 7.7 mb/d in August, the group may only ease to 8.1 to 8.3 mb/d.

[QasimShop]

Respected members of Indian forum

This pair surely increas the movement down
Side, because of indicators show that the down
Trend

Pivot Point, Moving average ,Crunt price, Rsi,
Resistance and Supporting points, MACD,
Parabolic sar, Bollinger Band, H4, H1, M30,

All the indicators running the favor down
Side
So market trend this time is sell

[Lovedosse]

Crude oil prices eased amid growing uncertainty about global recovery in fuel demand as new COVID-19 cases surge in several countries, while major producers eased production curbs. International benchmark Brent crude was trading 0.2 percent down at $43.19 per barrel by 0545 GMT, having hit a high of $43.82 on Wednesday, its highest since June 23. U.S. West Texas Intermediate was trading 0.2 percent lower at $40.63 a barrel, after rising as high as $41.24 on Wednesday, its highest since June 23

[Hassinali]

Second Wave Of COVID-19 Won’t Crush Oil Prices
By Alex Kimani - Jul 16, 2020, 7:00 PM CDT
OPEC+ agreed on Wednesday to ease its self-imposed production cuts starting next month as the global economy slowly awakens from its deep Covid-19 slumber. The organization has been curtailing output since May by 9.7 million barrels per day, or ~10% of global supply, following a demand meltdown due to widespread lockdown but now plans to taper the cuts to just 7.7 million bpd until December. The oil markets are reacting negatively to the cartel’s latest move, with WTI price down 1.24% to $40.70/barrel at 7am CST on Thursday, while Brent crude has dipped 0.75% to trade at $43.46/barrel.

While these moves could be interpreted as normal market gyrations, they could also suggest that the market is concerned about this potential: OPEC+ may have rushed to lift the curbs especially with Covid-19 cases spiking again in the pivotal U.S. market.

[Mr king]

Market analysis about trading

Today market trend = sell

Oscillator sales volume
Current price
And
Support points and resistance
market ke nechay janey k haq main hain
Sell ki trade profit de gi
Indicators ko follow karte hoye aur
apni samjh soch ke sath trading
Kren

[Arshad170]

Today market trand is sell....
Support points and resistance
market ke nechay janey k haq main hain
Sell ki trade profit de gi
Indicators ko follow karte hoye aur
apni samjh soch ke sath trading
Kren. Ta k ap zyda earning hasal kr saken or agar
ap market ko achi terha samjay bagher trade kren
ge to nuqsan uthana paray ga. Best of luck....

[Abubakar 148]

the door for profit-taking to produce a corrective rebound after yesterday’s brutal selloff across the risky asset spectrum. Weekly US jobless claims figures headline the economic calendar, with mixed results expected as initial applications for benefits nudge higher while extensions inch lower

[Roman11]

Today Market trend:sell

Current price aur previous price market ke down hony ka ishara de rahe hain

Resistance and Support points bhi market ke down hony ka ishara de rahe hain

Isliye hum ko sell main trade laga deni chahiye==========

[Irfan4500]

Today Market trend:sell

Current price aur previous price market ke down hony ka ishara de rahe hain

Resistance and Support points bhi market ke down hony ka ishara de rahe hain

Isliye hum ko sell main trade laga deni chahiye==========