Day Trading Stocks & Futures
- Thread starter TraderRavi
- Start date
- Tags banknifty bnf daytrading nifty future
World is in melt up mode... Where does money hide? It has to flow somewhere.
Chalo trump-xi meeting didnt do much to our markets except for metals which buzzed a bit.
Today, Oil, Pharma, auto, fin services, private banks didnt do well
Infra, psu banks, IT, fmcg and realty did well. Realty gained almost >2%
Next trigger RBI event on 5th. Then OPEC on 6th followed by 4-5 days of shanti. 11th onwards election natak shuru
Chalo trump-xi meeting didnt do much to our markets except for metals which buzzed a bit.
Today, Oil, Pharma, auto, fin services, private banks didnt do well
Infra, psu banks, IT, fmcg and realty did well. Realty gained almost >2%
Next trigger RBI event on 5th. Then OPEC on 6th followed by 4-5 days of shanti. 11th onwards election natak shuru
Qatar to withdraw from OPEC as of January 2019: Minister
https://www.moneycontrol.com/news/w...opec-as-of-january-2019-minister-3244901.html
https://www.moneycontrol.com/news/w...opec-as-of-january-2019-minister-3244901.html
Doesnt mean much for crude oil markets as Qatar is a small producer.
But it means a lot for the Gas markets as Qatar is a big producer. If they are outside the OPEC then they wont be pushed around by the cartel to reduce increase production/rates etc. Being the biggest producer, Qatar will have a free hand to deciding production levels and rates on their own which means if need be they can be selling Gas below market prices.
Qatar can become in the Gas market what Saudi is to the crude Market.(maybe already is)
Over all its good for countries like India who are dependents on gas and already have long term contracts with Qatar.
Edit: On second thoughts... This could set a precedent for other OPEC members to quit one by one. Then it could become a disaster if countries starts to pump oil at whatever levels they please. There will be no one to tame these guys from supplying excess in market. You know what happens to prices if there is excess supply!!
Now all depends on how Russia and Saudi hold the cartel together.
But it means a lot for the Gas markets as Qatar is a big producer. If they are outside the OPEC then they wont be pushed around by the cartel to reduce increase production/rates etc. Being the biggest producer, Qatar will have a free hand to deciding production levels and rates on their own which means if need be they can be selling Gas below market prices.
Qatar can become in the Gas market what Saudi is to the crude Market.(maybe already is)
Over all its good for countries like India who are dependents on gas and already have long term contracts with Qatar.
Edit: On second thoughts... This could set a precedent for other OPEC members to quit one by one. Then it could become a disaster if countries starts to pump oil at whatever levels they please. There will be no one to tame these guys from supplying excess in market. You know what happens to prices if there is excess supply!!
Now all depends on how Russia and Saudi hold the cartel together.
Last edited:
The annual UN climate change conference (COP24) opened in the Polish city of Katowice on December 3, with the goal of finalising the implementation guidelines for the Paris Climate Change Agreement.
World Economies are preparing to move away from fossil fuel to alternative green energy, possibly in another 15-30 yrs.
This means more production and push for electric vehicle, solar/wind/nuclear...etc energy.
which means gradual drop in consumption/demand for fossil fuel.
So the natural question would be at what price and production capacity they would be able to continue to
exhaust their oil fields at the earliest.
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