FMC to introduce Crude Mini Contract in 2015

A

ashu1234

Well-Known Member
#1
#1
U

ultima

New Member
#7
#7
It is good to see crude mini contract..
Before start my first trade...Any one Please Explain Crude Oil Inventory Numbers
Actual -3.1M Forecast 0.9M Previous -1.8M
Whether it is bullish or bearish ...?
 
Last edited:
A

ashu1234

Well-Known Member
#8
#8
ultima said:
It is good to see crude mini contract..
Before start my first trade...Any one Please Explain Crude Oil Inventory Numbers
Actual -3.1M Forecast 0.9M Previous -1.8M
Whether it is bullish or bearish ...?
Click to expand...

Negative figure means there is some drawdown from inventory so bullish, but you have to see it in larger context and trend, right now fundamentals of crude are not that great, so drawdown and negative inventory figures will give some short term support to price. On the other hand a positive figure in inventory means more crude oil is added to the inventory and hence negative as consumption and drawdown is less than addition i.e signifies more piling up of crude oil and less demand.
 
You must log in or register to reply here.
Thread starter Similar threads Forum Replies Date
S Weak demand slows down FMCG revival Fundamental Analysis 0
S Sensex opens in red; banks, capital goods, FMCG decline Futures 0
A What do you think about investment in FMCG sector? Mutual Funds Discussion Forum 1
R FMC freeze stalls NMCE stake dilution Commodities 0
R FMC: No fresh measures to curb speculative interest Commodities 0

Similar threads