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Month: May 2015

Crude oil prices are about to Crack

The stage is set. The rally in crude oil prices from the lows of $45/bbl after the great crash this year, is soon to fizzle out. MCX Crude oil prices are about to witness selling pressure in the weeks to come. Ichimoku study suggests tankan-san and kijun-san indicators are already […]

The sword called Greece – I

June 5th is the D-Day for the country making headlines every other day – GREECE. The immediate major debt repayment is to be made to International Monetary Fund (IMF) by Greece which amounts to 300 million euros; which if missed can lead to series of default towards other creditors. IMF, […]

China II – Economic worries Resurfaces

IMF lowers China’s growth forecast for 2015-2016 As the growth slows in the world’s second largest economy to 7 percent, IMF suggests fiscal support needs to be strengthened further. The International Monetary Fund said today, China should prepare to take steps to rein in credit and investment if growth surprises […]

Here goes the Base metals

The market have witnessed strong bear momentum couple of week as base metal prices have dropped by more than 10%. Zinc and Aluminium topped the list while, Copper still sluggish given the mine disruption. Commodity market overall saw huge outflow this month as sentiment loosened about the economic wellbeing across […]