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Daily Market Analysis 11.07.2022: OIL

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 106.24 with take profit at 106.62 Bearish Preference: Sell position is envisaged if price trades below price 104.20 with take profit at 103.90 Fundamentals:No Major fundamental Comment:Oil prices fell on Monday in volatile trade, reversing some gains from the previous session as markets braced for new mass …

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Daily Market Analysis 01.07.2022: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1.21380 with take profit at 1.21595 Bearish Preference: Sell position is envisaged if price trades  below 1.20786 with take profit at 1.20572 Fundamentals:3:00pm USD ISM Manufacturing PMI Comment: The U.S. dollar edged higher in early European trade Friday, trading close to the highs of the year on safe-haven …

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Daily Market Analysis 29.06.2022: OIL

Instrument: OILS Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 114.48 with take profit at 115.30 Bearish Preference: Sell position is envisaged if price trades  below 112.56 with take profit at 112.09 Fundamentals:All Day OPEC Meetings   Comment: Oil rose more than 2% on Tuesday as concerns over tight supplies due to Western sanctions on Russia outweighed fears of …

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Daily Market Analysis 24.06.2022: OIL

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 108.13 with take profit at  108.60 Bearish Preference: Sell position is envisaged if price trades below price 105.27 with take profit at 104.88 Fundamentals:No major fundamental Comment:Oil was down on Friday morning in Asia as fears of slower demand from slowing U.S. economic growth and supply …

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Daily Market Analysis 17.06.2022: OIL

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 120.88 with take profit at 121.12 Bearish Preference: Sell position is envisaged if price trades  below 119.95 with take profit at 119.72 Fundamentals:No major fundamentals Comment: Oil prices edged lower on Friday as demand concerns emerged following this week’s rate hikes, although persisting supply tightness and new …

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Daily Market Analysis 16.06.2022: OIL

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 118.02 with take profit at 118.67 Bearish Preference: Sell position is envisaged if price trades  below 115.04 with take profit at 114.08 Fundamentals:No major fundamentals Comment: Consumers can expect fuel prices at the pump to remain high into next year due to disruptions to Russian oil supplies and …

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Daily Market Analysis 06.06.2022: GOLD

Instrument: GOLD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1856.96 with take profit at 1858.89 Bearish Preference: Sell position is envisaged if price trades  below 1849.98 with take profit at 1847.62 Fundamentals:No Major Fundamental Comment: Gold was up on Monday morning in Asia even as the U.S. jobs report signaled more interest rate increases this …

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Daily Market Analysis 23.05.2022: OIL

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 …

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Daily Market Analysis 17.05.2022: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 115.43 with take profit at 115.84 Bearish Preference: Sell position is envisaged if price trades below 113.11 with take profit at 112.70 Fundamentals:No Major Fundamental Comment: The price of oil climbs to a fresh monthly high ($114.69) even as the Organization of Petroleum Exporting Countries (OPEC) warns …

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