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crude oil

Daily Market Analysis 09.08.2022: OIL

Instrument: OIL Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 97.04 with take profit at 97.44 Bearish Preference: Sell position is envisaged if price trades  below 95.35 with take profit at 94.88 Fundamentals:No major fundamental Comment: WTI and Brent crude oil prices are shifting lower through Asia-Pacific trading, with the benchmarks tracking around 0.10% lower following a …

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Daily Market Analysis 28.07.2022: OIL

Instrument: OIL Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 105.19 with take profit at 106.49 Bearish Preference: Sell position is envisaged if price trades  below 102.77 with take profit at 101.46 Fundamentals:1:30pm USD  Advance GDP q/q Comment:Oil rose more than $1 a barrel on today, extending gains from the previous session, buoyed by improved risk …

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Daily Market Analysis 26.07.2022: OIL

Instrument: OIL Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 102.44 with take profit at 102.93 Bearish Preference: Sell position is envisaged if price trades  below 101.21 with take profit at 100.78 Fundamentals:No Major Fundamental  Comment: Crude oil started the week on a positive note ahead of the Federal Reserve meeting this Wednesday, where the market anticipates …

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Daily Market Analysis 19.07.2022: OIL

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 107.97 with take profit at 108.67 . Bearish Preference: Sell position is envisaged if price trades  below 106.12 with take profit at 105.70  . Fundamentals:None with high impact Comment: Brent crude oil is trading around the 106 handle after prices rallied overnight against a broadly weaker …

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Daily Market Analysis 28.06.2022: OIL

Instrument: OILS Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 113.26 with take profit at 113.78 Bearish Preference: Sell position is envisaged if price trades below price 111.83 with take profit at 111.49 Fundamentals:3:00PM    US DOLLARS:  Crude Oil Inventories             Comment:Crude oil prices were trading higher through early Asia-Pacific trading on …

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Daily Market Analysis 14.06.2022: OIL

Instrument: OILS Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 123.63 with take profit at 123.86 Bearish Preference: Sell position is envisaged if price trades  below 122.63 with take profit at 122.26 Fundamentals:NO MAJOR FUNDAMENTALS Comment: After a brief hiatus, the oil price rally is back on track. Crude oil closed with its seventh straight weekly gain …

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Daily Market Analysis 07.06.2022: OIL

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 120.83 with take profit at 121.22 Bearish Preference: Sell position is envisaged if price trades  below 119.45 with take profit at 119.04 Fundamentals:No Major Fundamental Comment: Crude oil prices have sustained their recent move higher following news that OPEC+ would increase oil production in July and August …

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Daily Market Analysis 06.06.2022: OIL

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 121.75 with take profit at 123.17 Bearish Preference: Sell position is envisaged if price trades below price 19.40 with take profit at 118.63 Fundamentals: No Major Fundamental  Comment:Oil prices hit $120 a barrel on Monday after Saudi Arabia raised crude prices for July and amid …

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Daily Market Analysis 24.05.2022: OIL

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 109.90 with take profit at 110.17 Bearish Preference: Sell position is envisaged if price trades below 108.91 with take profit at 108.66 Fundamentals:No Major Fundamental Comment: Crude oil prices remain in a fairly consolidative state. A bearish Evening Star candlestick pattern formed last week, offering a preliminary reversal …

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