#crudeoil facing stiff resistance now back to retesting the support 5590-5680

Output Increase Unless Oil Prices Exceed US$70/Barrel, S&P Global Commodity Insights Says : The Organization of the Petroleum Exporting Countries and allied producers' latest postponement of their planned output increases signals the group won't boost production unless prices are well above US$70 per barrel, S&P Global Commodity Insights said in a Thursday note.

OPEC+ output cuts amounting to 2 million barrels per day (b/d) were due to end in December 2025, but were extended to the end of 2026. The group deferred the initial wave of output cuts to April 1, 2025.

The current Commodity Insights price outlook expects prices through 2026 to average $60-$75/b, which is not high enough for OPEC+ to boost output. However, prices above US$80/b raises the chance of an output hike, Commodity Insights said.

"OPEC+ member countries would like to start increasing oil production without negatively impacting prices. They cannot do that just yet," said Bhushan Bahree, executive director at Commodity Insights.

Formal OPEC+ increases are unlikely through 2025, Commodity Insights said, adding that the need for more OPEC+ oil on a durable basis in the near future is not immediately evident.

Came across this job profile called "Quantitative trader" for the first time.

🔺Curious that this profile could grab such a lucrative package. Quantitative traders/quant trader use mathematical models to identify trading opportunities and buy and sell securities. Interesting,isn't it?


Global trading firm Jane Street has offered an annual package of Rs 4.3 crore to a student for a role based in Hong Kong, marking the highest offer of this placement season at the premier institute. This offer covers salary, bonus, and relocation.


The offer was made to a computer science student from IIT Madras who received a pre-placement offer (PPO) from a high-frequency trading firm. The student, who had previously interned with the company, is set to assume the role of a quantitative trader in Hong Kong.

#hdfcbank new 52 wk high 1880 💹

India's blue-chip indexes flat as FMCG losses offset financials' gains

#hdfcbank 1870

"The greatest lessons come at the cost of suffering. Pain is not an enemy; it is through this understanding that a man learns to endure and keep moving forward. Pain, for sure, is loyal."
-K.
I believe that suffering is the crucible in which the deepest lessons are forged. Pain, often seen as an adversary, is in fact a loyal teacher, showing us the resilience we never knew we had. It is through this painful understanding that a man learns to endure, grow, and press forward, no matter the obstacles. Pain may be harsh, but it is steadfast in its lessons, and it is only by embracing it that we find our true strength.

STOP PLAYING SHORT TERM. When you change your view to LONG TERM, everything starts to make sense Even correction seems reasonable; support and resistance are clearly defined, and most of your questions are answered. Now see why #shriramfinance after making 3652 high recently corrected to 2750 (61.8%) now back to 3238

Trendline intact in #bajajfinance 7070

#bajajfinance 7110 NIFTY TOP GAINER OF THE DAY up by +2.53%

#nifty 24653 restest + uptrend

India's Bajaj Finance rises after unveiling FY25-29 growth strategy : ** Shares of non-bank lender Bajaj Finance
BAJFINANCE rise 2.6%, top pct gainer on Nifty 50
NIFTY, which is up 0.2%

** Co says green finance, AI, organic acquisitions, and focus on personal and gold loans among key growth drivers as it unveils FY25-29 growth strategy

** BJFN's strategy shows its aspiration to be the pre-eminent choice for its 220 mln customers and to use AI to enhance customer engagement and drive productivity, says Citi

** Co's plans to integrate AI into all its processes indicate the commitment to staying ahead in financials segment, says Motilal Oswal

** Citi has a "buy" rating on BJFN, while Motilal Oswal maintains "neutral"; avg rating on stock is a 'buy' - LSEG

** BJFN shares down 2.7% in 2024 so far compared to 13.5% jump in Nifty 50

Bajaj Finance Ltd has outlined an ambitious growth strategy, targeting a customer base of 190–210 million by FY29. Additionally, the company projects India Payments' Gross Merchandise Value (GMV) to reach 0.4–0.5% by the same fiscal year. Bajaj Finance also aims to achieve a robust Return on Equity (ROE) in the range of 20–22% by FY29, underscoring its commitment to delivering strong financial performance.

Oil Prices Edge Higher on China Stimulus Hopes — Market Talk Crude prices edge higher in early European trade but continue to trade in a tight range amid hopes of a recovery in Chinese demand and a Bloomberg report saying that the U.S. is mulling harsher sanctions against Russia's oil trade. Brent is up 0.4% at $72.51 a barrel, while WTI rises 0.5% to $68.93 a barrel. China's pledge to adopt a moderately loose monetary policy to stimulate economic growth sent a positive signal to the market, with investors now waiting to see more concrete details. Meanwhile, the China National Petroleum Corporation released a report stating that China's oil demand might peak in 2025, five years earlier than expected. Focus is now on monthly reports from OPEC and the IEA on Wednesday and Thursday, respectively, and the Federal Reserve's interest-rate decision next week.

When you understand the game, you never panic..!!

#mcxsilver 92613 almost HIT (3.618->92197)

Nothing new just retesting its support 51800

#nifty was it is correction or re-test ?