NIFTY FUT upcoming views
Following global crash, NIFTY FUT also falls nearly 6% more than below 10306
NIFTY FUT is having strong SUPPORT @ 10030 / 9960
Breaking below can leads to fall till 7896
Coronavirus is keep spreading across the globe day by day... Along with....... OIL COLLAPSE became another reason for the fall
The coronavirus COVID-19 is affecting 109 countries and territories around the world and 1 international conveyance As of now total 111,645 cases found Among that 3884 death found .. and 62683 where recovered
Crude oil was already stuck in a bear market because of a sharp drop in demand linked to the coronavirus outbreak
Russia refused to go along with OPEC's proposal to rescue the coronavirus-battered oil market by further cutting production at a meeting in Vienna on Friday. The standoff left the oil industry shell-shocked and sparked a 10% plunge in oil prices Friday
On Thursday, OPEC recommended additional production cuts of 1.5 million barrels per day starting in April and extending until the end of the year. But OPEC ally Russia rejected the additional cuts when the 14-member cartel and its allies, known as OPEC+, met on Friday
The prognosis for the oil market is even more dire than in November 2014, when such a price war last started, as it comes to a head with the significant collapse in oil demand due to the coronavirus
Oil prices plunged after OPEC’s failure to strike a deal with its allies regarding production cuts caused Saudi Arabia to slash its prices WTI plunged 22%, or $9.15, to trade at $32.13 per barrel. WTI is on pace for its second worst day on record, and earlier fell to a session low of $30, a level not seen since Feb. 2016 International benchmark Brent crude futures were down 21%, or $9.74, to trade at $35.52 per barrel.
Brent futures dove more than 30% at the low to $31.02 (Reuters) - Wall Street's main stock indexes plummeted and the Dow Jones Industrials crashed 2,000 points on Monday as a 22% slump in oil prices and the rapid spread of the coronavirus amplified fears of a global recession
Traders now expect U.S. Federal Reserve policymakers to cut interest rates for the second time this month when they meet next week.
Cutting down fed rate further may help market to recover... And or resolution for CORONOVIRUS may help market to recover
Source : Information collected from various channels
Following global crash, NIFTY FUT also falls nearly 6% more than below 10306
Breaking below can leads to fall till 7896
Coronavirus is keep spreading across the globe day by day... Along with....... OIL COLLAPSE became another reason for the fall
The coronavirus COVID-19 is affecting 109 countries and territories around the world and 1 international conveyance As of now total 111,645 cases found Among that 3884 death found .. and 62683 where recovered
Click the image to enlarge
Russia refused to go along with OPEC's proposal to rescue the coronavirus-battered oil market by further cutting production at a meeting in Vienna on Friday. The standoff left the oil industry shell-shocked and sparked a 10% plunge in oil prices Friday
On Thursday, OPEC recommended additional production cuts of 1.5 million barrels per day starting in April and extending until the end of the year. But OPEC ally Russia rejected the additional cuts when the 14-member cartel and its allies, known as OPEC+, met on Friday
The prognosis for the oil market is even more dire than in November 2014, when such a price war last started, as it comes to a head with the significant collapse in oil demand due to the coronavirus
Oil prices plunged after OPEC’s failure to strike a deal with its allies regarding production cuts caused Saudi Arabia to slash its prices WTI plunged 22%, or $9.15, to trade at $32.13 per barrel. WTI is on pace for its second worst day on record, and earlier fell to a session low of $30, a level not seen since Feb. 2016 International benchmark Brent crude futures were down 21%, or $9.74, to trade at $35.52 per barrel.
Brent futures dove more than 30% at the low to $31.02 (Reuters) - Wall Street's main stock indexes plummeted and the Dow Jones Industrials crashed 2,000 points on Monday as a 22% slump in oil prices and the rapid spread of the coronavirus amplified fears of a global recession
Traders now expect U.S. Federal Reserve policymakers to cut interest rates for the second time this month when they meet next week.
Cutting down fed rate further may help market to recover... And or resolution for CORONOVIRUS may help market to recover
Source : Information collected from various channels