Hareesh VOil prices rallied close its three-month-high after the OPEC+ members decided to cut their daily production limit and on signs of easing trade tensions.In its latest meeting held in Vienna, OPEC members and Russia agreed on an additional cut of 5,00,000 barrels per day from the global oil market by next year. In an effort to limit production and lift prices, OPEC and its allies adopting production cut its strategy since late 2016.Close Oil has been trading in a tight range of $50-64 a barrel for the last six months. It has been bearish ever since the trade dispute between the world’s two largest economies. related news Strong bullish bias to continue; bet on these 3 stocks with 11-15% upside Are the RBI's repo rate cuts enough to reinforce GDP growth? Global economic growth and demand for crude oil are highly correlated. The ongoing US-China trade dispute, and a disorderly Brexit, adversely hit global economic sentiment. A drop in vehicle sales and a slump in … [Read more...] about Easing trade tensions and OPEC’s production cut may lift crude oil prices
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Shishir AsthanaLeonardo Da Vinci’s words, ‘Simplicity is the ultimate sophistication’ rings as true for trading as it does for other fields.However, many technical analysts and traders in the market complicate their recommendations or strategies by using multiple indicators and jargons to impress fellow traders and novices.Close Moving averages are the simplest overlays on a price chart, and give a clear picture of the price movement. Yet it is often ignored by technical analysts and ‘experts’ because of the number of loss-making trade it generates. related news Asit Baran Pati | An options buyer journey to financial freedom What to look forward to at this year's Traders Carnival How Vishal Mehta undertook a journey from discretionary to system trading for consistent gains Nooruddin Fidai (@nsfidai) however has made a career successfully trading moving averages.When Fidai rose to speak at the Investors Carnival in Goa after a … [Read more...] about Nooruddin Fidai | Creating magic out of moving averages
Vibhuti GargThe Indian power sector is under huge stress and struggling with issues across the value chain: thermal generation exposed to a huge non-performing asset (NPA) burden of over Rs 10 trillion ($144 billion) as of FY2018; an inadequate transmission network leading to grid congestion and curtailment; and, increasing indebtedness and the deteriorating financial health of distribution companies (discoms). Support for the under-recovery of discoms selling electricity at below-market prices, usually for residential and agricultural users, was the single-largest source of energy subsidy expenditure in FY2017: Rs 74,925 crore ($11.2 billion).In particular, thermal power plant developers are under huge pressure. Capacity utilisation rates have been below 60 per cent over the past two years, combined with excessive financial leverage that makes debt servicing extremely difficult. Further, late payments by loss-making DISCOMs and renegotiation of tariffs on power purchase agreements … [Read more...] about Climate Crisis | How to untangle the mixed signals on coal in India?