Crude oil declines awaiting minutes of US Fed Reserve meeting
A strong US dollar and the expectations of an aggressive increase in interest rates in the US-led crude oil futures to trade lower on Tuesday morning. At 9.57 am on Tuesday, April Brent oil futures were at $83.18, down by 1.06 per cent, and April crude oil futures on WTI were at $76.65, down by […]
Crude oil gains a tad as industry data show inventory decline in US
Crude oil futures traded marginally higher on Wednesday morning as industry data showed a decrease in the crude oil inventories in the US.At 10.01 am on Wednesday, April Brent oil futures were up 0.06 per cent at $83.74 and March crude oil futures on WTI were at $77.34, up by 0.26 per cent. February crude […]
Vedanta to sell its foreign zinc assets to Hindustan Zinc for $2.98 bn
Metals and mining major Vedanta on Thursday said that its board had approved the sale of its international zinc assets in South Africa and Namibia to subsidiary Hindustan Zinc (HZL) for $2.98 billion. In a disclosure to the stock exchanges, Vedanta said the transaction would be an all-cash […]
Vedanta to sell international zinc assets to Hindustan Zinc for $2981 million
The Anil Agarwal-led Vedanta Ltd will sell Zinc International’s assets to Hindustan Zinc, a Vedanta subsidiary, for a cash consideration of $2,981 million. According to stock market notification, the sale of Zinc International assets held by THL Zinc Ventures Ltd (Mauritius) – another wholly owned subsidiary of Vedanta, through THL Zinc Ltd (Mauritius) – was […]
ZINC Futures ( ZINC1!), H4 Potential for Bullish Rise
Type: Bullish RiseKey Levels:Resistance:291.70Pivot:277.30Support:263.15Preferred Case:Looking at the H4 chart, my overall bias for ZINC1! is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to continue heading towards the resistance at 291.70, where the 50% Fibonacci line is.Alternative Scenario:Price may head back […]