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Daily Analysis

Daily Market Analysis 18/10/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 85.73 with take profit at 86.10. Bearish Preference: Sell position is envisaged if price trades below 84.93 with take profit at 84.65 Fundamentals:No major fundamental Comment: Oil prices hit their highest level in years on Monday as demand recovers from the COVID-19 pandemic, boosted by more …

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Daily Market Analysis 18/10/2021: USDCAD

Instrument: USDCAD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.24121 with take profit at 1.24215. Bearish Preference: Sell position is envisaged if price trades below 1.23774 with take profit at 1.23672. Fundamentals:2:15PM USD: Industrial Production m/m3:30PM CAD: BOC Business Outlook Survey Comment: CAD’s rally continued this week, with USD/CAD breaking decisively below 1.24. Economists …

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Daily Market Analysis 15/10/2021: GOLD

Instrument: GOLDs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1779.17 with take profit at 1782.25. Bearish Preference: Sell position is envisaged if price trades below 1770.30 with take profit at 1767.60. Fundamentals:1:30pm USD Core Retail Sales m/m             USD Retail Sales m/m Comment: On Thursday, gold traders even ignored the …

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Daily Market Analysis 14/10/2021: OIL

Instrument: OIL Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 84.43 with take profit at 84.55 Bearish Preference: Sell position is envisaged if price trades below 84.05 with take profit at 83.89 Fundamentals:4:00pm Crude Oil Inventories Comment: The American Petroleum Institute (API) said on Wednesday U.S. crude stockpiles rose by 5.2 million barrels for the …

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