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Daily Market Analysis 29|04|2021: OILs

Technical Analysis Bullish Preference:  Buy is envisage if price trades above 67.41 with take profit at 67.67. Bearish Preference: Sell is envisaged if price trades below 66.79 with take profit at 66.57. Fundamentals:USD 3:30PM  Natural Gas Storage Comment: Oil was up Thursday morning in Asia as investors continue to expect fuel demand to recover by the summer, despite ever-surging numbers …

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Daily Market Analysis 28|04|2021: OILS

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 66.23 with take profit at 66.44. Bearish Preference: Sell position is envisaged if price trades below 65.56 with take profit at 65.29. Fundamentals:3:30pm  USD Crude Oil Inventories Comment: Oil was down Wednesday morning in Asia, as investors digested an Organization of the Petroleum Exporting Countries and its …

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Daily Market Analysis 28|04|2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.38970 with take profit at 1.39091. Bearish Preference: Sell position is envisaged if price trades below 1.38523 with take profit at 1.38323. Fundamentals:7:00pm  USD FOMC Statement  Comment:  The dollar was up on Wednesday morning in Asia ahead of the U.S. Federal Reserve’s latest policy decision and …

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Daily Market Analysis 20|04|2021: OIL

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 68.05 with take profit at 68.38 Bearish Preference: Sell position is envisaged if price trades below 66.94 with take profit at 66.25. Fundamentals:No major Fundamental Comment: Spot cash premiums for June-loading barrels of Malaysian and Vietnamese crude oil have eased on the month amid demand concerns …

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Daily Market Analysis 19|04|2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: A Buy position is envisaged if price trades above  1.38807 with a take profit at price 1.39034. Bearish Preference: A Sell position is envisaged if price trades below price 1.38246 with a take profit at price 1.38099. Fundamentals:No major fundamental.  Comment: The dollar was up on Monday morning in Asia but remained near …

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Daily Market Analysis 12|04|2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: A Buy position is envisaged if price trades above  1746.64 with a take profit at price 1751.52. Bearish Preference: A Sell position is envisaged if price trades below price 1736.53 with take profit at price 1732.05. Fundamentals:No major Fundamental  Comment:  Gold was down on Friday morning in Asia but was hovering close to …

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Daily Market Analysis 09|04|2021: USDJPY

Instrument: USDJPY Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 109.642 with take profit at 109.742 Bearish Preference: Sell position is envisaged if price trades below 109.136 with take profit at 109.006. Fundamentals:1:30 pm USD  Core PPI m/m              USD  PPI m/m3:00 pm USD  Final Wholesale Inventories m/m Comment: The dollar was up …

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Daily Market Analysis 31|03|2021: OIL

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged  if price trades above 64.86 with take profit at 65.08. Bearish Preference: Sell position is envisaged if price trades below 64.01 with take profit at 63.74. Fundamentals:3:30pm  USD Crude Oil Inventories Comment: Oil was up Wednesday morning in Asia, paring back losses from the previous session ahead of an Organization of …

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Daily Market Analysis 30|03|2021: OIL

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 65.45 with take profit at 65.75. Bearish Preference: Sell position is envisaged if price trades below 64.32 with take profit at 63.63. Fundamentals:No major fundamentals. Comment: Oil was up Tuesday morning in Asia, as attention shifted from a container ship stuck in the Suez Canal to an …

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Daily Market Analysis 22|03|2021: USDJPY

Instrument: USDJPY Technical Analysis Bullish Preference: A buy is envisaged if the price trades above 108.962 with take profit at 109.030 Bearish Preference: A Sell is envisaged if price trades below 108.582 with take profit at 108.433 Fundamentals:2:00pm USD Fed Chair Powell Speaks Comment: The dollar pushed higher in early European trading Monday, with the Turkish lira particularly hard …

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