Trends - asia oil - Business Recorder

asia oil

Hong Kong stocks finish morning higher

The Hang Seng Index rose 1.25 percent, or 351.11 points, to 28,545.20.

Published 18 May, 2021 10:30am

Markets

Oil eases as Asia's COVID-19 restrictions dampen sentiment

In the Middle East, Israel and Gaza's ruling Hamas militant group faced mounting international calls for a ceasefire in hostilities that entered their second week on Monday with no end in sight.

Published 17 May, 2021 03:28pm

Markets

Brent oil may revisit May 14 low of $66.50

On the daily chart, the rise during the previous trading session was due to a support at $66.29.

Published 17 May, 2021 11:50am

Markets

Brent oil may retest support at $67.33

Wave pattern suggests a downside bias. The resistance at $70.75 triggered a decent correction on March 8. It may cause a shallower one this time.

Published 12 May, 2021 12:27pm

Markets

US oil may rise to $66.52

On the daily chart, a resistance zone of $65.65-$66.60 triggered the second correction, which looks too shallow to complete.

Published 10 May, 2021 11:13am

Markets

US oil may fall to $63.88

The uptrend from $33.64 remains unchanged.

Published 07 May, 2021 11:39am

Markets

US oil target of $67.98 aborted

Unless oil could quickly reverse the fall on Wednesday and break $66.52, it will be more likely to drop towards $62.62-$63.88 range.

Published 06 May, 2021 12:00pm

Markets

Brent oil may fall more to $67.14

In either case, oil is expected to retrace further over the next few days. Only a rise above $69.87 could confirm the continuation of the uptrend towards $71.38.

Published 06 May, 2021 11:58am

Markets

Most Asian markets lifted by recovery optimism

Better access for more countries to the drugs would help allow them to reopen their economies sooner and help the global recovery effort.

Published 06 May, 2021 11:24am

Markets

US oil may revisit April 30 low of $63.08

A downward wave C is developing towards a range of $58.84-$61.37.

Published 04 May, 2021 12:01pm

Markets

US oil may rise to $64.24

On the daily chart, oil is heading towards $64.12, a break above which could open the way towards $66.65, the Jan. 8, 2020 high.

Published 28 Apr, 2021 10:45am

Markets

Brent oil may revisit April 20 high of $68.08

On the daily chart, oil has edged up above a resistance at $66.15. It may gain more towards $68.14.

Published 28 Apr, 2021 10:42am

Markets

US oil may retest support at $60.75

The wave count will have to be reviewed then.

Published 27 Apr, 2021 12:08pm

Markets

Asian markets drop with Fed, earnings and Biden in focus

But Asia struggled to follow suit with most markets swinging in and out of positive territory. Tokyo, Hong Kong, Shanghai, Sydney, Seoul, Wellington, Taipei and Manila were all in the red but Singapore and Jakarta edged up.

Published 27 Apr, 2021 10:30am

Markets

US oil may retest support at $61.35

The failure marked the completion of the bounce from the March 23 low of $57.25.

Published 21 Apr, 2021 12:09pm

Markets

Brent oil may retest support at $65.46

Wave pattern indicates the completion of a wave b and the start of a wave c which may travel to $60.29, around the bottom of the wave a.

Published 21 Apr, 2021 12:04pm

Markets

Asian markets mixed as traders stuggle to build on rally

Shanghai and Hong Kong led losses in Asia, while Sydney, Manila and Wellington were also in the red.

Published 15 Apr, 2021 11:02am

Markets

Brent oil may test support at $61.22

On the daily chart, oil is consolidating around $62.91, the 38.2% retracement on the uptrend from $49.20 to $71.38.

Published 08 Apr, 2021 12:53pm

Markets

Spot gold may retest resistance at $1,746

A break below $1,724 may open the way towards $1,693.

Published 08 Apr, 2021 12:49pm

Markets

Asian markets build on Wall St lead after US jobs data

"There was no specific news behind the sharp drop in oil," said Axi's Stephen Innes.

Published 26 Mar, 2021 09:43am

Markets

US oil may drop further into $55.99-$56.70 range

This wave is expected to end around the falling trendline, which establishes a support around $55.99.

Published 24 Mar, 2021 11:52am

Markets

Brent oil may fall into $58.41-$59.12 range

The deep drop on Tuesday confirms an extension of the downtrend towards the target zone, which is suggested by a falling channel.

Published 24 Mar, 2021 11:49am

Markets

US oil may retest resistance at $61.55

A correction from the March 8 high of $67.98 has completed, as its third component wave labelled c is roughly 1.618 times the length of the wave a.

Published 22 Mar, 2021 11:55am

Markets

Brent oil may stabilize in support zone of $62.71-$63.29

A correction from the March 8 high of $71.38 has completed. It is expected to be further reversed.

Published 22 Mar, 2021 11:53am

Markets

US oil may revisit March 8 high of $67.98

This wave is capable of travelling to $71.93.

Published 15 Mar, 2021 11:09am

Markets

Brent oil may test resistance at $70.07

On the daily chart, oil completed a pullback towards a support at $66.29, the 100% projection level of a an upward wave C.

Published 15 Mar, 2021 11:06am

Markets

Brent oil may rise towards Tuesday high $69.33

On the daily chart, oil stabilized around a support at $66.29, the 100% projection level of a an upward wave C.

Published 11 Mar, 2021 10:54am

Markets

US oil may test resistance at $64.64

The drop from Monday high of $67.98 seems to be due to a resistance at $67.14.

Published 10 Mar, 2021 10:52am

Markets

Asia markets swing as rate hike fears offset reflation trade

European indexes enjoyed a much-needed blast upwards -- led by a record close in Frankfurt -- after EU leaders pledged to double vaccine deliveries to 300 million doses between April and June, having been too slow out of the blocks in its immunisation programme.

Published 09 Mar, 2021 11:34am

Markets

Brent oil may rise into $69.26-70.07 range

On the daily chart, the deep fall on Monday was due to a resistance zone of $70.75-$71.75.

Published 09 Mar, 2021 10:20am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 26	278.58
USD PKR Interbank Buying / Apr 26	278.28
USD to Japanese Yen / Apr 26	158.33
USD to Swiss Franc / Apr 26	0.91
Pound Sterling to USD / Apr 26	1.25
Euro to USD / Apr 26	1.07

Stock	Volume
S&P 500 / Apr 26	5099.96
India Sensex / Apr 26	73730.16
Tokyo Nikkei / Apr 26	37934.76
Nasdaq / Apr 26	15927.90
Hang Seng / Apr 26	17651.15
FTSE 100 / Apr 26	8139.83
Dow Jones / Apr 26	38239.66
Germany DAX 30 / Apr 26	18161.01

Item	Value
Crude Oil USD/Barrel / Apr 26	83.85
Karachi Cotton PKR/37.32 KG / Apr 26	20535
Gold 10 Grams PKR / Apr 26	210048
Gold Spot USD/Ounce / Apr 26	2337.96
Cotton US¢/pound / Apr 26	80.90
Petrol/Litre / Apr 27	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 27 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 27 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 27 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 27 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 27 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 27 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 27 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 27 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 27 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 27 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 27 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 27 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 27 Telecard Limited(TELE)	12,358,668 ▲ 0.00

Markets →

Calculate your monthly liability in FY24

asia oil

Most Popular