MCX CRUDE OIL: March 2013

MCX Crude Oil Bhav Copy/Historical data of 2005 for Reference

The principles of technical analysis are derived from hundreds of years of financial markets data.

Technical Analysis is the forecasting of future financial price movements based on an examination of past price movements. Technical analysis can help investors anticipate what is "likely" to happen to prices over time. Technical analysis uses a wide variety of charts that show price over time.

Market price Action due to History repeats itself that is Future price is the repetition of past prices.

So,knowing Past trading data s helpful tool for predicting Future price movement.Its applicable for MCX Lead Commodity Trading too. Historical High s and lows are the Support & Resistances for the Future.MCX Lead Bhav copy very useful for finding MCX Lead Support & Resistances.

MCX Crude Oil

February'2005    MCX Crude Oil High    2242

February'2005    MCX Crude Oil   Low    1974

March    '2005 MCX Crude Oil High   2495

March    '2005    MCX Crude Oil   Low     2193

April    '2005    MCX Crude Oil High    2544

April      '2005    MCX Crude Oil Low     2150

MCX Crude Oil Life Time High Low

MCX Crude oil Lifetime High

MCX Crude oil Lifetime High is 6333,it traded on 15.07.2008

MCX Crude oil Lifetime low

MCX Crude oil Lifetime Low is 1626,it traded on 15.01.2009

Once MCX Crude oil made that lifetime High of 6333 at 15.07.2008,it has made Lifetime Low 0f 1626 on 15.01.2009 due to Recession.

MCX Crude oil 52 weeks High is 5635

MCX Crude oil 52 weeks low is 4448

MCX Crude Oil Bhav Copy/Historical data of 2012 for Reference

MCX Crude Oil

January '2012 MCX Crude Oil High 5498

January '2012    MCX   Crude oil Low 4916

February'2012    MCX Crude Oil High   5410

February'2012    MCX Crude Oil   Low    4710

March    '2012 MCX Crude Oil High   5635

March    '2012     MCX Crude Oil   Low    5232

MCX Crude Oil Bhav Copy/Historical data of 2013 for Reference

MCX Crude Oil
January '2013    MCX Crude Oil High 5248

January '2013     MCX   Crude oil Low 5020

February'2013    MCX Crude Oil High   5289

February'2013    MCX Crude Oil   Low    4986

OPEC

OPEC is an organization of eleven developing countries that are heavily dependent on oil revenues as their main source of income.

The current Members

Algeria

Indonesia

Iran

Iraq

Kuwait

Libya

Nigeria

Qatar

Saudi Arabia

United Arab Emirates

Venezuela.

MCX Crude Oil

General Characteristics:

Crude oil is a mixture of hydrocarbons that exists in a liquid phase in natural underground reservoirs. Oil and gas account for about 60 per cent of the total world's primary energy consumption.
Almost all industries including agriculture are dependent on oil in one way or other. Oil & lubricants, transportation, petrochemicals, pesticides and insecticides, paints, perfumes, etc. are largely and directly affected by the oil prices.
The prices of crude are highly volatile. High oil prices lead to inflation that in turn increases input costs; reduces non-oil demand and lower investment in net oil importing countries.

Global Scenario:

Oil accounts for 40 per cent of the world's total energy demand.
The world consumes about 76 million bbl/day of oil.
United States (20 million bbl/d), followed by China (5.6 million bbl/d) and Japan (5.4 million bbl/d) are the top oil consuming countries.
Balance recoverable reserve was estimated at about 142.7 billion tones (in 2002), of which OPEC was 112 billion tones.

MCX CRUDE OIL

Friday 22 March 2013