Sahil Sharma

@sahilsharma

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Oil rises 3% to $63 after Iran shoots down US drone raising conflict fears
Reuters | 20/06/2019 | 38 minutes ago
Oil rose by more than 3% to above $63 a barrel on Thursday after Iran shot down a US military drone, raising fears of a military confrontation between Tehran and Washington.
Expectations that the US Federal Reserve could cut interest rates at its next meeting, stimulating growth in the world's largest oil-consuming country, and a drop in US crude inventories, also provided support to prices.
Brent crude, the global benchmark, was up $1.73 at $63.55 a barrel at 1218 GMT, having earlier gained 3.3% to $63.88. US West Texas Intermediate crude rose $1.84 to $55.60.
The risk of a military conflict in the Middle East has risen because of a ratcheting up of tensions between the United States and Iran, said Abhishek Kumar of Interfax Energy in London.
Elsewhere, the US Federal Reserve has signalled its willingness to loosen monetary policy over the coming months, which is being perceived as favourable to oil demand. 
The drone was downed in international airspace over the Strait of Hormuz by an Iranian surface-to-air missile, a US
official said. 
Iran's Revolutionary Guards said the drone was flying over southern Iran.
Tension has been rising in the Middle East, home to over 20% of the world's oil output, after attacks on two tankers near the Strait of Hormuz, a chokepoint for oil supplies. 
Washington blamed Tehran for the tanker attacks. Iran denied any role.
Concern about slowing economic growth and a US-China trade dispute has pulled oil lower in recent weeks. Brent reached a 2019 high of $75 in April.
The prospect of further rate cuts could prove the more significant factor for oil, said Petromatrix analyst Olivier Jakob, should Iran-US tension not escalate.
The Fed and the cutting of rates is something that will provide more substantial support, he said.
Also propelling oil higher on Thursday was a decline in US crude inventories and the prospect of prolonged supply restraint by producer group OPEC and its allies.
US crude stocks fell by 3.1 million barrels last week, more than analysts expected, the Energy Information Administration said on Wednesday.
The Organization of the Petroleum Exporting Countries and allies including Russia agreed this week to meet on July 1-2, ending a month of wrangling about the timing.
The coalition known as OPEC+ looks set to extend a deal on cutting 1.2 million barrels per day of production. The deal expires at the end of June.
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HCLTECH BUY 1093.05 TRG1 1102.89 TRG2 1112.72 TRG3 1120.38 STOP LOSS 1081.03
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Sahil Sharma replied to his own  post
Sahil Sharma @sahilsharma
Jun 18 9:57 AM

INFY MADE HIGH NOW 752 BOOK YOUR PROFIT NOW AT 751.60 ENJOY PROFIT

INFY BUY 748.65 TRG1 755.39 TRG 2 762.13 TRG 3 767.37 STOP LOSS 740.41
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Sahil Sharma replied to his own  post
Sahil Sharma @sahilsharma
Jun 18 6:19 AM

TRG IN ACC 1525.52 DONE ENJOY PROFIT
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Sahil Sharma replied to his own  post
Sahil Sharma @sahilsharma
Jun 18 6:19 AM

TRG IN AMBUJACEM 209.42 DONE ENJOY PROFIT

AMBUJACEM BUY 207.55 TRG1 209.42 TRG2 212.53 STOP LOSS 205.27
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ACC BUY 1511.90 TRG1 1525.51 TRG 2 1548.19 STOP LOSS 1495.27
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SELL CRUDE BELOW 3624 SL 3651 TRG 3600-3566
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Sahil Sharma replied to his own  post
Sahil Sharma @sahilsharma
Jun 17 9:42 AM

ITC MADE LOW 275.70 NOW CPM275.80 BOOK PROFIT HERE 4080 PROFIT DONE NOW ENJOY
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Sahil Sharma replied to his own  post
Sahil Sharma @sahilsharma
Jun 17 7:50 AM

GRASIM TRG 880 DONE TODAY ENJOY THIS BIG MOVE FROM 900

SELL ITC FUTURE BELOW 277.50 TRG 274-272 SL DAY HIGH
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Buy crude now at 3690 stop loss 3650 TRG 3725-3735
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Sahil Sharma replied to his own  post
Sahil Sharma @sahilsharma
Jun 14 1:40 PM

silver all trg done enjoy profit

Sell Grasim at 900sl 907 TRG 880
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Sahil Sharma replied to his own  post
Sahil Sharma @sahilsharma
Jun 14 8:10 AM

AXISBANK MADE LOW 805.75 MY 2ND TRG 805 APROX HIT SELL CALL GIVEN AT 818 ENJOY PROFIT
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Sahil Sharma replied to his own  post
Sahil Sharma @sahilsharma
Jun 14 5:44 AM

BOOK PROFIT IN BAJAJFINSV MADE HIGH 8315 RISKY IN BUYING

SELL AXISBANK AT 818 STOP LOSS 823 TRG 810 -805
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BUY BAJAJFINSV ABOVE 8280 TRG 8360-8400 STOP LOSS 8200
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Sahil Sharma replied to his own  post
Sahil Sharma @sahilsharma
Jun 13 7:00 AM

CRUDE OIL BELOW 3591 DOWNFALL STARTS , SAY YOU ALL CHECK NOW CPM3536 LOW