RY 172.7 -0.1792% SHOP 152.38 -3.7762% TD 74.49 -0.4144% ENB 58.66 0.2906% BN 80.21 0.2124% TRI 235.76 -0.7034% CNQ 42.27 -1.3305% CP 102.81 -2.4851% CNR 145.02 -0.9426% BMO 139.15 0.5855% BNS 77.045 -0.149% CSU 4497.2998 0.6756% CM 92.23 -0.335% MFC 43.28 0.8858% ATD 79.0 -1.1882% NGT 53.35 -1.8038% TRP 65.26 0.215% SU 49.61 -1.411% WCN 251.65 -0.2181% L 191.14 0.1205%
Crude Oil April Future (NYMEX: CLJ24):
As per the previous recommendation on ‘Crude Oil’ on 20 March 2024, a ‘Sell’ rating was given on the Commodity at USD 83.63, and noted below are the details of the recommendation summary provided in the previous report:
Technical Analysis summary as on 20 March 2024.
Crude Oil Weekly Chart:
Chicago, IL, USA, 01:00 AM (GMT-6)
Considering the target levels is yet to achieved, but ‘Crude Oil’ currently trading near a Support level, and it is prudent to book profits at the current levels. Hence, a ‘Exit’ rating has been provided on the Commodity at the Current Market Price of USD 80.34 as of March 22, 2024.
Note 1: Past performance is neither an indicator nor a guarantee of future performance.
Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is March 22, 2024. The reference data in this report has been partly sourced from REFINITIV.
Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.
Technical Indicators Defined: -
Support: A level at which the stock prices tend to find support if they are falling, and downtrend may take a pause backed by demand or buying interest.
Resistance: A level at which the stock prices tend to find resistance when they are rising, and uptrend may take a pause due to profit booking or selling interest.
Stop-loss: In general, it is a level to protect further losses in case of any unfavourable movement in the stock prices.
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