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Daily Market Analysis 10/09/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 72.51 with take profit at 72.68. Bearish Preference: Sell position is envisaged if price trades below 71.86 with take profit at 71.69. Fundamentals: No major fundamentals Comment: Oil prices rose on Friday on growing signs of tightness in U.S. markets after Hurricane Ida hit offshore output, although benchmarks …

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Daily Market Analysis 01/09/2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.37606  with take profit at 1.37722 Bearish Preference: Sell position is envisaged if price trades below 1.37287 with take profit at  1.37177. Fundamentals:1:15pm    USD ADP Non-Farm Employment Change3:00pm    USD ISM Manufacturing PMI Comment: The dollar edged higher Wednesday, but remains near its lowest point in three …

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Daily Market Analysis 31/08/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above  72.42 with take profit at 72.61. Bearish Preference: Sell position is envisaged if price trades below 71.55 with take profit at 71.34. Fundamentals:No major fundamental. Comment: Oil prices slipped on Tuesday amid concerns that power outages and flooding in Louisiana after Hurricane Ida will cut …

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Daily Market Analysis 25/08/2021: OILs

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 70.63 with take profit at 70.85. Bearish Preference: Sell position is envisaged if price trades below 69.68 with take profit at 69.43. Fundamentals:3:30pm USD Crude Oil                             Inventories Comment: Oil prices nudged lower on Wednesday, taking …

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Daily Market Analysis 10/08/2021: US30

Instrument: US30 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 35023 with take profit at 35055. Bearish Preference: Sell position is envisaged if price trades below 34931 with take profit at 34900. Fundamentals:No Major Fundamental Comment: The Dow jones started the week with a dip as fuel demand worries during a resurgent pandemic sent energy stocks lower but …

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Daily Market Analysis 05/08/2021: OILS

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 71.11 with take profit at 71.33. Bearish Preference: Sell position is envisaged if price trades below 70.27 with take profit at 70.06. Fundamentals:None with a high impact on the Commodity Comment: Oil prices declined towards $70 a barrel on Thursday as more countries imposed fresh …

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Daily Market Analysis 21/07/2021: GOLD

Instrument: GOLDs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1811.11 with take profit at 1813.44. Bearish Preference: Sell position is envisaged if price trades below 1804.01 with take profit at 1802.07. Fundamentals:No major fundamental. Comment: Gold was down on Wednesday morning in Asia. The dollar strengthened and fears about the recent surge in COVID-19 cases …

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Daily Market Analysis 14/07/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 76.74 with take profit at 76.96. Bearish Preference: Sell position is envisaged if price trades below 76.07 with take profit at 75.92. Fundamentals:3:30pm    USD    Crude Oil Inventories Comment: Oil prices steadied after data showed that China’s first-half crude imports dropped 3% from January to June versus …

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