Instrument: OIL Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 43.96 with take profit at 44.60. Alternative scenario: Sell position is envisaged if price trades below 43.47 with take profit at 43.09. Fundamentals:3:30pm USD Crude Oil Inventories. Comment: Oil prices rose on Wednesday after an industry report showed that crude inventories in the United …
Instrument: OIL Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 42.95 with take profit at 42.41. Alternative scenario: Buy position is envisaged if price trades above 43.34 with take profit at 43.79. Fundamentals:No major economic data with bearing on this commodity. Comment: The commodity is envisaged to lose traction and trade lower as tensions …
Instrument: OIL Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 43.51 with take profit at 43.91. Alternative scenario: Sell position is envisaged if price trades below 42.80 with take profit at 42.50. Fundamentals:No major economic data with direct bearing to this commodity. Comment: Oil has been bouncing off positive sentiments as tensions between the …
Instrument: OIL Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 44.28 with take profit at 44.67. Alternative scenario: Sell position is envisaged if price trades below 43.73 with take profit at 43.34. Fundamentals:3:30pm USD Crude Oil Inventories. Comment: Although Oil prices fell in the early session due to oil inventory expectations, price could not …
Instrument: OIL Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 43.00 with take profit at 42.86. Alternative scenario: Buy position is envisaged if price trades above 43.30 with take profit at 43.44. Fundamentals:No fundamental with direct impact on the commodity Comment: Oil is moving down based on bad sentiments from the OPEC meetings and …
Instrument: OIL Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 43.18 with take profit at 43.61. Alternative scenario: Sell position is envisaged if price trades below 42.63 with take profit at 42.26. Fundamentals:Crude Oil Inventories (US) 3:30 PM Comment: Black gold closed bearish in the session yesterday as report from the American Petroleum Institute …
Instrument: OIL Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 42.74 with take profit at key level 43.33. Alternative scenario: Sell if price trades below 42.02 with take profit at 41.40. Fundamentals:No fundamentals Comment: In the past months we have seen Oil price rise from as low as $20pb to $45pb. As the effect …
Instrument: OIL Intraday: Bearish Technical Analysis Preference: SELL position is envisaged if price trades below 42.50 with take profit at 42.09 Alternative scenario: BUY position is envisaged if price trades above 43.26 with take profit at 43.65 Fundamentals:no major economic data with direct bearing to this commodity Comment: The fear of the second wave of infections in the pandemic …
Instrument: OIL Intraday: Bullish Technical Analysis Preference: Buy if price trades above 42.12 with take profit at 43.35. Alternative scenario: Sell position is envisaged if price trades below 41.04 with take profit at 39.94. Fundamentals:3:30pm USD Crude Oil Inventories Comment: Oil prices rose more than 1% on Wednesday after data showed crude inventories in the United States fell much …
Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 42.65 with take profit at 43.00 Alternative scenario: Sell position is envisaged if price trades below 42.19 with take profit at 41.24 Fundamentals:No major economic data with direct bearing on the commodity Comment: Oil is envisaged to be supported this week by the decline in the number of active rigs …
