Trends - Brent oil - Business Recorder

Brent oil

Brent oil may bounce into $51.77-$52.29 range

This wave could either complete around $54.62 or extend a lot to $66.29. A drop below $49.20 could confirm its completion.

Published 05 Jan, 2021 10:16am

Markets

Oil little changed as investors await OPEC+ decision

Rising tensions in the Middle East supported oil prices.

Published 05 Jan, 2021 10:14am

Markets

Asian stocks fall amid concern about Georgia Senate vote

Gold was slightly lower. Spot gold fell 0.21% to $1,938.25 per ounce.

Published 05 Jan, 2021 10:09am

Markets

US oil may bounce to $48.48

Apparently, this wave V looks too short to complete.

Published 05 Jan, 2021 10:05am

Markets

Oil falls with US stocks despite OPEC+ seen keeping output steady

The market declined despite expectations the Organization of the Petroleum Exporting Countries and allies will hold off on increasing output in February.
Brent futures dropped 73 cents, or 1.4%, to $51.07 a barrel

Published 04 Jan, 2021 09:36pm

Markets

Oil prices touch multi-month highs as OPEC+ expected to cap output

Brent hits highest since March 2020; WTI at Feb 2020 levels.
OPEC+ set for meeting to discuss Feb production levels.
Most OPEC+ experts against Feb oil output rise – sources.

Published 04 Jan, 2021 05:52pm

Markets

Brent oil may rise to $53.13

The contract is poised to test a key resistance at $54.62, a break above which could open the way towards $59.08.

Published 04 Jan, 2021 10:20am

Markets

Oil set for 20pc drop in 2020 as lockdowns weigh, market eyes stimulus

Oil eases on last trading day, stimulus in focus.
Brent, WTI more than doubled from decade-lows in April.

Published 31 Dec, 2020 07:58pm

Markets

Oil outlook for 2021 hit by new COVID-19 strain

Pace of oil demand recovery to depend on vaccine rollouts –analysts.
Some analysts say no return to pre-pandemic levels before 2023.
OPEC to meet on Jan. 4 to decide on output.
Brent has averaged $43.21/bbl in 2020, WTI about $39.34.

Published 31 Dec, 2020 06:45pm

Markets

Oil set for 20% drop in 2020 as lockdowns weigh, market eyes more stimulus

In the short-term, concerns over coronavirus lockdowns are likely to cap gains.

Published 31 Dec, 2020 10:30am

Markets

Brent oil targets $52.48-$53.13 range

A projection analysis on the uptrend from $39.34 reveals a target zone of $53.13-$54.50, which will be confirmed when oil climbs above $52.48.

Published 24 Dec, 2020 10:25am

Markets

Brent oil may fall towards $47.81

The support is identified as the 23.6% retracement of a five-wave cycle from $39.34. The wave c is expected to travel to $47.81, its 100% projection level.

Published 23 Dec, 2020 10:30am

Markets

US oil may fall towards $44.61

The third wave labelled c is unfolding towards $44.61. Resistance is at $47.50, a break above which could lead to a gain to $48.42.

Published 23 Dec, 2020 10:16am

Markets

Brent oil may bounce to $51.56

A break below $50.56 could cause a fall to $49.38.

Published 22 Dec, 2020 10:22am

Markets

Brent oil may seek support in $51.05-$51.24 zone

It is too early to confirm a reversal of the uptrend, simply based on the drop from the Dec. 18 high of $52.48. Resistance is at $51.83, a break above which could lead to a gain to $52.15.

Published 21 Dec, 2020 10:14am

Markets

Stocks, pound, oil sink as virus surge trumps stimulus deal

Oil prices also sank as the new containment measures hammered expectations for travel over the Christmas period, with the discovery of a mutated and more infectious strain of the coronavirus in Britain also leading several governments to ban flights from the country.

Published 21 Dec, 2020 08:35am

Markets

Brent oil may retest resistance at $51.12

The surge on Thursday confirms the continuation of the uptrend towards $54.62, the 61.8% projection level of an upward wave C from $35.74.

Published 11 Dec, 2020 11:39am

Markets

Brent oil may retest support at $48.42

It is supposed to rise towards $51.02. However, the bulls seem to be unconfident in pushing the price towards this level.

Published 10 Dec, 2020 10:35am

Markets

Brent oil biased to rise into $49.20-$49.50 range

On the daily chart, the drop from the Dec. 4 high of $49.92 looks like the second pullback towards a support zone of $46.53-$47.41.

Published 09 Dec, 2020 10:22am

Markets

Brent oil may retest support at $48.42

The divergence suggests that oil may pull back again towards a support zone of $46.53-$47.41.

Published 08 Dec, 2020 09:53am

Markets

Brent oil may test support at $48.72

The second wave labelled b may end below $49.50, to be reversed by a downward wave c.

Published 07 Dec, 2020 09:35am

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

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