Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 111.64 with take profit at 112.11 Bearish Preference: Sell position is envisaged if price trades below 110.10 with take profit at 109.68 Fundamentals:No Major Fundamental Comment: Oil prices gained on Monday with U.S. fuel demand, tight supply and a slightly weaker U.S. dollar supporting the market, as Shanghai …
Instrument: USDCAD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.28611 with take profit at 1.28776 Bearish Preference: Sell position is envisaged if price trades below 1.27876 with take profit at 1.27696 Fundamentals:1:30pm CAD CPI m/m CAD Common CPI y/y CAD Median CPI …
Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 112.39 with take profit at 112.83 Bearish Preference: Sell position is envisaged if price trades below 110.44 with take profit at 110.09 Fundamentals:All Day- OPEC-JMMC Meetings Comment: Five OPEC+ delegates said the group was set to agree to increase its June output target by 432,000 barrels per …
Instrument: USDCAD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.27668 with take profit at 1.27817 Bearish Preference: Sell position is envisaged if price trades below 1.27122 with take profit at 1.26976 Fundamentals:No major fundamental Comment: USD/CAD remains pressured around a one-week low, despite being defensive around 1.2700 ahead of Thursday’s European session. In doing so, the Loonie pair stays …
Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 103.89 with take profit at 104.27 Bearish Preference: Sell position is envisaged if price trades below 102.27 with take profit at 101.89 Fundamentals:No major Fundamental. Comment: Demand concerns in China, the world’s largest crude oil importer, added downward pressure on Tuesday. China’s capital Beijing has expanded its COVID-19 …
Instrument: AUDUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 0.74490 with take profit at 0.74608 Bearish Preference: Sell position is envisaged if price trades below 0.74143 with take profit at 0.73961 Fundamentals:No major fundamentals Comment: The Australian Dollar will be in focus to kick off the Asia-Pacific trading week as Chinese CPI data approaches. AUD/USD hit a fresh 2022 …
Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 101.45 with take profit at 102.35 Bearish Preference: Sell position is envisaged if price trades below 99.61 with take profit at 98.84 Fundamentals:No major Fundamental. Comment: The price of oil spiked to a fresh yearly high ($130.50) in March amid the disruptions caused by the Russia-Ukraine war. …
Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 101.62 with take profit at 101.97 Bearish Preference: Sell position is envisaged if price trades below 100.62 with take profit at 100.31 Fundamentals:None with high impact on the commodity Comment: Oil prices rose on Friday but remained on course for a second weekly fall after countries …
Instrument: USDCAD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.26183 with take profit at 1.26302. Bearish Preference: Sell position is envisaged if price trades below 1.25722 with take profit at 1.25584 Fundamentals:1:30pm CAD Employment ChangeCAD Unemployment Rate Comment: The USD/CAD pair scaled higher for the third successive day on Thursday and built on its solid recovery …
Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 103.95 with take profit at 104.34 Bearish Preference: Sell position is envisaged if price trades below 101.89 with take profit 101.50 Fundamentals:No major Fundamentals Comment: Oil prices fell about $1 on Friday, ahead of a meeting of consuming nations to discuss a new release of emergency oil …
