#crudeoil 6000 holds the support 5500-5600 and small breakout at 5760 continues the upside trend as shown by regression lines, important level 5960/6100/6315/6500
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Gold Plunges Despite a Weaker Dollar as Geopolitical Tensions Ease on Report of Lebanon Ceasefire
WTI crude futures fell over 2% to $69.50 per barrel on Monday, amid reports suggesting that Israel and Hezbollah may be nearing a cease-fire agreement, potentially within days.
While the news was cautiously welcomed by traders, many remain hesitant, awaiting further details and developments given previous announcements of potential cease-fires that ultimately failed to materialize.
At the same time, traders continue to follow the situation in Ukraine after tensions with Russia escalated last week.
In addition, Iran said it will expand its nuclear fuel-making capacity after it was censured by the UN atomic watchdog, as the OPEC member braces for possible sanctions under a second Trump administration.
The next OPEC+ meeting on December 1st will also be on investors' radar as the cartel is expected to postpone planned output increases.
While the news was cautiously welcomed by traders, many remain hesitant, awaiting further details and developments given previous announcements of potential cease-fires that ultimately failed to materialize.
At the same time, traders continue to follow the situation in Ukraine after tensions with Russia escalated last week.
In addition, Iran said it will expand its nuclear fuel-making capacity after it was censured by the UN atomic watchdog, as the OPEC member braces for possible sanctions under a second Trump administration.
The next OPEC+ meeting on December 1st will also be on investors' radar as the cartel is expected to postpone planned output increases.
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#HDFCBANK hit new ATH 1817 and #banknifty holds 52k level....mission accomplished....!!!
#crudeoil 5826 is facing resistance 5880-5920 can retest the support 5760/5660
#Naturagas 285.3 is making higher lows but facing resistance around 294-296 with strong support at 248-250. As can be seen, it forms the ascending triangle with trendline still intact, and we assume upside is still possible, but watch out for major action above 294-296
#hdfcbank regained 1800 level, important levels to watch out for support 1730/1591/1360. Volume is confirming the breakout, check last few candles volume first TGT 2254 (1.618% extension) or 2618 ascending triangle breakout...
Crude Prices Jump on Dollar Weakness and Additional US Sanctions on Iran