Crude Vs Hindpetro - Knowledge purpose

Again price cycle proves - no fundamental and no demand/supply..

All you know.......Crude and Hindpetro always move in opposite direction, based on Crude price Cycle..

Just see the below Monthly Chart of  Hind Petro vs Crude

Hind Petro Monthly Chart

Crude  Monthly Chart

When Hindpetro was in last level...Crude Price was in Top

Crude hit the bottom now and Hind Petro was moved top level...

Now ask your self...

Where is the supply and demand ?

Where is the fundamental ?

Where is Crude Inventory reflection in the price, every week crude data is coming...but, price is moving in only one direction...so...all weekly crude inventory datas are no meaning and all non-sense....

Now we should understand onething...Now..Hindpetro is trading at high...not fit for investment...and Crude  is almost nearing to bottom.......Crude almost trying to a forming bottom....this is the message...

Once price cycle completes....again crude will go up....(all useless experts will come in channels and give foolish reasons for upmove)...

The above information is to share our knowledge and not a trading call..

Take Care....Learn and gain knowledge...before entering into Market...