I invite all technical and quant analysts to give their views comments and suggestions in formulating a theory that will in purpose try to predict movement in the petrol and diesel prices.
To give you some background, fuel prices are changed fortnightly in India, What i propose is that if we can tell in a few days advance if the price will go up OR down, it will help in reducing losses and making profits to petroleum dealers.
We dont need to predict the extent of the movement, just the direction. Up or Down. I have been made to believe that we can do this through studying the past actions of the government at different price levels of crude.
Hope to read some helpful inputs soon......
To give you some background, fuel prices are changed fortnightly in India, What i propose is that if we can tell in a few days advance if the price will go up OR down, it will help in reducing losses and making profits to petroleum dealers.
We dont need to predict the extent of the movement, just the direction. Up or Down. I have been made to believe that we can do this through studying the past actions of the government at different price levels of crude.
Hope to read some helpful inputs soon......