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crude oil

Daily Market Analysis 17|05|2021: OIL

Instrument: OILs Technical Analysis Bullish Preference:  A Buy position is envisaged if price trades above 69.08 with a take profit at price 69.43. Bearish Preference: A Sell position is envisaged if price trades below price 68.19 with a take profit at price 67.87. Fundamentals:No major fundamental. Comment: Crude oil prices were muted during the Asia-Pacific mid-day session after surging 2.6% …

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Daily Market Analysis 10|05|2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: A Buy position is envisaged if price trades above  69.06 with a take profit at price 69.19. Bearish Preference: A Sell position is envisaged if price trades below price 68.48 with a take profit at price 68.20. Fundamentals:No major fundamental.  Comment:  Crude oil prices edged higher during the Asia-Pacific mid-day session as a …

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Daily Market Analysis 06|05|2021: OIL

Instrument: OILs Technical Analysis Bullish Preference:  Buy is envisage if price trades above 69.39 with take profit at 69.57. Bearish Preference: Sell is envisaged if price trades below 68.78 with take profit at 68.57. Fundamentals:None with high Impact Comment: Crude oil supply data from the U.S. Energy Information Administration (EIA) showed a draw of 7.990 million barrels for the week to …

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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 26|04|2021: OIL

Instrument: OILs Technical Analysis Bullish Preference:  A Buy position is envisaged if price trades above  64.83 with a take profit at price 65.29. Bearish Preference: A Sell position is envisaged if price trades below price 63.89 with a take profit at price 63.47. Fundamentals:No major fundamental. Comment: Crude oil prices fell slightly during Monday’s APAC session amid rising viral concerns. …

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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 09|04|2021: OIL

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 63.60 with take profit at 63.90. Bearish Preference: Sell position is envisaged if price trades below 62.29 with take profit at 61.95. Fundamentals:No major fundamental Comment: Oil had another sideways day in a narrow range overnight, with the opposing forces of higher production versus a weaker …

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Daily Market Analysis 07|04|2021: OIL

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 63.36 with take profit at 63.77. Bearish Preference: Sell position is envisaged if price trades below 62.30 with take profit at 62.05. Fundamentals:3:30pm USD Crude Oil Inventories Comment: Oil prices edged higher on Wednesday on the prospects for stronger global economic growth amid increased COVID-19 vaccinations …

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Daily Market Analysis 06|04|2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 63.39 with take profit at 64.24. Bearish Preference: Sell position is envisaged if price trades below 61.99 with take profit at 61.19. Fundamentals:No major fundamental  Comment:  Oil prices rose on Tuesday as investors looked for bargains following the previous day’s plunge of more than 4% …

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